Does monopolistic competition literally require zero profits for all firms? Explain. Do monopolistically competitive markets have both entry and exit going on at the same time? Explain.

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Does monopolistic competition literally require zero profits for all firms? Explain.
Do monopolistically competitive markets have both entry and exit going on at the same time? Explain.
Transcribed Image Text:Does monopolistic competition literally require zero profits for all firms? Explain. Do monopolistically competitive markets have both entry and exit going on at the same time? Explain.
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