The free entry and exit of firms in a monopolistically competitive market guarantees that:.
a. economic profits, but not economic losses, can persist in the long run.
b. both economic profits and economic losses can persist in the long run.
c. both economic profits and economic losses disappear in the long run.
d. economic losses, but not economic profits, can persist in the long run.
Answers: 1
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The free entry and exit of firms in a monopolistically competitive market guarantees that:.
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