I need the answer as soon as possible 67. In short run, a firm in monopolisticcompetitionA. O Always earns profitsB. O Incurs lossesC. O Earns normal profit onlyD. O May earn normal profit, super normalprofit or incur losses

Following are the features of a firm in monopolistic competition: 1. Large number of buyers and…

Answered: In short run, a firm in monopolistic…

Business

Economics

In short run, a firm in monopolistic competition

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 1.1P

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

I need the answer as soon as possible

67. In short run, a firm in monopolistic
competition
A. O Always earns profits
B. O Incurs losses
C. O Earns normal profit only
D. O May earn normal profit, super normal
profit or incur losses

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