In a monopolistically competitive market

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Reference no: EM13685275

In a monopolistically competitive market (This is the question).

A. a firm has market power because it produces a differentiated product.

B. a firm earns economic profits in the long run because it has market power.

C. there is a large number of firms.

D. both a and b

E. both a and c

Reference no: EM13685275

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