Due to the entry and exit of firms in a monopolistically competitive market:
a. economic profits and economic losses are dissipated in the long run.
b. economic profits persist in the long run, but not economic losses.
c. economic losses will exist in the long run, but not economic profits.
d. both economic profits and economic losses exist in the long run.
a
Economics
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a. True b. False Indicate whether the statement is true or false
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________ are the things that are used to produce items that satisfy people's wants
A) Concepts B) Production possibilities curves C) Resources D) Costs
Economics