Business, 26.08.2019 16:20 Lingz

If in the short run, firms in monopolistic competition new firms will enter the market. a. are making an economic profit b. are making zero economic profit c. are incurring an economic loss the each individual firm's product will a. demand for; decrease b. demand for; increase c. supply of; decrease d. supply of; increase in the new long-run equilibrium, firms a. make zero economic profit because over time costs increase b. incur an economic loss because consumers inevitably change their buying habits c. make zero economic profit and entry of new firms ceases d. continue to make an economic profit as long as demand remains stable

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If in the short run, firms in monopolistic competition new firms will enter the market. a. are maki...

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