Business, 15.04.2020 17:42 IrieBoy479

A monopolistically competitive firm may carn abnormally high profits in the :

a. short term, but the process of entry will drive those profits to zero in the long run.

b. long term, but the process of entry will drive those profits to zero in the short run

c. short run, but after entry occurs, the long-term perceived demand curve shifts to the right.

d. long run, but after entry occurs, the short-term perceived demand curve shifts to the right.

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A monopolistically competitive firm may carn abnormally high profits in the :

a. short t...

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