For a monopolistically competitive firm, free entry and exit into and from the market

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    means the firm will earn zero economic profits in the long run.
    will not affect the firms profit maximizing price because the firm has market power..
    is not possible in that the firm produces a differentiated product and so is a monopolist.
    None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
means the firm will earn zero economic profits in the long run.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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