In the long run, what do we expect to happen to the number of firms in the market?

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The market for widgets is a monopolistic market.

The market for widgets is a monopolistic market.

Question
The market for widgets is a monopolistic market. The sole firm in the marketplace is earning a loss in the short run, and is producing at the profit-maximizing quantity. In the long run, what do we expect to happen to the number of firms in the market?

The market for widgets is a monopolistic market.

 

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