A Monopolistically Competitive Industry Does Not Display _______ in Either

A monopolistically competitive industry does not display _______ in either the short-run, when firms are making _______, nor in the long-run, when firms are earning _______.

A) allocative efficiency; profits and losses; negative profits
B) productive efficiency; profits and losses; zero profits
C) productive and allocative efficiency; profits and losses; zero profits
D) productive and allocative efficiency; profits and losses; negative profits

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