Business
Business, 10.01.2020 02:31, garciagang0630

Which is not true for a monopolistically competitive industry?

a. firms tend to operate with excess capacity.
b. each firm faces a downward-sloping demand curve.
c. these firms earn zero economic profits in the long run.
d. firms operate at the lowest point of their atc curves in the long run.

answer
Answers: 2

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Which is not true for a monopolistically competitive industry?

a. firms tend to operate...

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