Answer to Question #347677 in Macroeconomics for Vhugala Mpfuni

Question #347677

Which of the following is true?

A.A monopolistically competitive firm does not produce at its minimum ATC in the long-run.

B.A monopolistically competitive firm cannot successfully maintain positive economic profits in the long-run.

C.Barriers to entry make it possible for monopolies to earn positive economic profits in the long-run.

D.All of the above



1
Expert's answer
2022-06-02T15:44:16-0400

D. All of the above


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