中等ECON-MSTR-012

In monopolistic competition, long-run economic profit tends to be:

A. Supernormal, because entry is blocked
B. Normal, because entry is free✓ 答案
C. Always negative
D. Equal to total revenue

解說

Short-run economic profit attracts entry, which competes long-run profit down to normal. The demand curve can still slope downward. Profit equal to total revenue would mean zero cost.

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