Use the following graph for a monopolistically competitive firm to answer the next question. 
This monopolistically competitive firm is earning economic profits in the short run and
A. will continue to have economic profits in the long run.
B. this will cause its demand curve to shift to the right in the long run.
C. will earn only normal profits in the long run.
D. this will cause its cost curves to rise in the long run.
Answer: C
Economics
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a. True b. False Indicate whether the statement is true or false
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Please provide the best answer for the statement.
Economics