A monopolistic competitor is similar to a monopolist in that Multiple Choice о both have market power. both earn positiv

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answerhappygod
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A monopolistic competitor is similar to a monopolist in that Multiple Choice о both have market power. both earn positiv

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A monopolistic competitor is similar to a monopolist in that Multiple Choice о both have market power. both earn positive economic profit in the long run. both produce the output at which long-run average cost is at a minimum. "both have market power" and "both earn positive economic profit in the long run"!. All of the choices are correct.
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