Short-run economic profits are greater than zero for firms

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Reference no: EM13818124

If short-run economic profits are greater than zero for firms in a monopolistically competitive market, in the long run we expect:

A) entry barriers to prevent competing firms from entering this market.

B) profits to increase.

C) competing firms to enter the market and sell similar products.

D) the demand curve for firms in the market to shift to the right

Reference no: EM13818124

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