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AP Microeconomics
Unit 4 – Imperfect Competition
Topic 4.4
Which of the following is a characteristic of monopolistic competition in the short run?
Economic profits are zero
Firms produce at minimum average total cost
Price equals marginal cost
Firms may earn positive or negative economic profits
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AP Microeconomics - 4.4 Monopolistic Competition
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Monopolistic Competition
Short Run
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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