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Question: How is price related to marginal and average total cost for monopolistically competitive firms in the following situations?
a. a short-run equilibrium where it is earning positive economic profits
b. a short-run equilibrium where it is earning negative economic profits
c. a short-run equilibrium where it is earning zero economic profits
d. a long-run equilibrium
What is the organization of workers that tries to improve working conditions, wages, and benefits for its members.
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