Can a business break even and still make money
Problem
In a monopolistically competitive business where there are many substitutes, even if they are not exact, and barriers to entry are relatively easy, can a business break even and still make money?
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How would you expect the level of advertising to change if entry took place in this market, as described below?
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In a monopolistically competitive business where there are many substitutes, even if they are not exact. Can a business break even and still make money?
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