The primary reason why monopolistically competitive firms cannot earn an economic profit in the long run is because
A) there are barriers to entry.
B) there is freedom of entry.
C) the antitrust laws prevent profit from increasing.
D) recessions occur.
E) they collude to earn a normal profit.
B
Economics
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Indicate whether the statement is true or false
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A measurement showing how the average price of a bundle of goods changes over time is a
A. nominal price. B. real price. C. price index. D. sticky price.
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