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Which of the following accurately describes a monopolistica

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Which of the following accurately describes a monopolistically…Which of the following accurately describes a monopolistically competitive market?A)Barriers to entry or exit secure firms’ long-term economic profits.B)An individual firm’s demand curve is perfectly elastic.C)Firms will earn normal profit in long-run equilibrium.D)Production is inefficient in the short run and efficient in the long run.E)Firms will produce more and charge less than firms in perfect competition.Business Economics Microeconomics ECON 2102360

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