Firms in monopolistic competition


Firms in monopolistic competition would

A) persistently realize economic profits in both the short and long run.

B) may realize economic profits in the long run and normal profits in the short run.

C) tend to incur persistent losses in both the short and long run.

D) tend to realize economic profits in the short run and normal profits in the long run.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Firms in monopolistic competition
Reference No:- TGS01351747

Expected delivery within 24 Hours