Price exceeds marginal cost for a monopolistically
Price exceeds marginal cost for a monopolistically competitive firm in long-run equilibrium because:
a. economic profits are positive.
b. economic profits are negative.
c. demand is perfectly elastic.
d. demand is not perfectly elastic.
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1 social security amp medicare programs are sometimes known asa social extensionsb entitlement programsc free moneyd
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price exceeds marginal cost for a monopolistically competitive firm in long-run equilibrium becausea economic profits
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