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In the long run, monopolistically competitive firms _______. 1) produce output at a minimum marginal cost....

In the long run, monopolistically competitive firms _______.
1) produce output at a minimum marginal cost.
2) face perfectly elastic demand curves.
3) earn both positive accounting amd economic profits.
4) earn zero economic profit but positive accounting profit.
5) merge and form a few dominant firms to maximize profit.

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