Choose all that applywithin a monopolistically competitive, Ask an Expert

Economics

Choose all that apply:

Within a monopolistically competitive industry, it would be expected that:

1. in the short-run an innovative firm's price is greater than their average cost

2. firms make a positive economic profit in the long-run

3. firms make a positive or negative economic profit in the short-run

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572581

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