In short run, a firm in monopolistic competition Options: A . &nbspAlways earns profits B . &nbspIncurs losses C . &nbspEarns normal profit only D . &nbspMay earn normal profit, super normal profit or incur losses

In short run, a firm in monopolistic competition

Question

In short run, a firm in monopolistic competition

Options:

A . Always earns profits

B . Incurs losses

C . Earns normal profit only

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

Answer: Option D

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Question 1. In long-run, all firms in monopolistic competition....

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Question 9. The most efficient scale of production of a firm is where....

Question 10. A firm should shut down in the short run if it is not covering its....

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