In long-run, all firms in monopolistic competition Options: A . &nbspEarn supernormal profits B . &nbspEarn normal profits C . &nbspIncur losses D . &nbspMay earn normal profit, super normal profit or incur losses

In long-run, all firms in monopolistic competition

Question

In long-run, all firms in monopolistic competition

Options:

A . Earn supernormal profits

B . Earn normal profits

C . Incur losses

D . May earn normal profit, super normal profit or incur losses

Answer: Option B

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