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Which of the following statements best describes firms under monopolistic competition?
Group of answer choices

Profits will be positive in the long run.

Price always equals average variable cost.

In the long run, positive economic profit will be eliminated.

Marginal revenue equals the minimum average total cost in the short run.

Respuesta :

Poojaamex

Answer:

Option C: In the long run, positive economic profit will be eliminated.

Explanation:

The statement that best describes firms under monopolistic competition is Option C, which is "in the long run, positive economic profit will be eliminated."

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