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In a monopolistically competitive market, Answer strategic interactions among th

ID: 1188391 • Letter: I

Question

In a monopolistically competitive market, Answer strategic interactions among the firms are very important. the threat of entry by new firms is not an important consideration. the attainment of a Nash equilibrium is an important objective. firms may enter even though they will earn zero economic profit in the long run In a monopolistically competitive market, In a monopolistically competitive market, strategic interactions among the firms are very important. the threat of entry by new firms is not an important consideration. the attainment of a Nash equilibrium is an important objective. firms may enter even though they will earn zero economic profit in the long run strategic interactions among the firms are very important. the threat of entry by new firms is not an important consideration. the attainment of a Nash equilibrium is an important objective. firms may enter even though they will earn zero economic profit in the long run

Explanation / Answer

the threat of entry by new firms is not an important consideration.

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