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Which of the following is not a key feature of monopolistic competition?
Which of the following is not a key feature of monopolistic competition?
A: Excess capacity
B: A markup of price over marginal cost
C: Positive economic profits for firms in the long run
D: Differentiated products among firms in the market
I know that D is a key feature, but I'm not sure about the others. Thanks!
1 Answer
Relevance
- Anonymous7 years ago
C.
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