question 12\n1 pts\nin theory, in the long run, monopolistically competitive firms earn zero profits…

question 12\n1 pts\nin theory, in the long run, monopolistically competitive firms earn zero profits. however, in reality there are some ways by which a firm can avoid losing profits. which of the following is one such way?\nlower the price of its products to expand its market share\nfind a market niche and keep it as narrow as possible so as to prevent other producers from entering this market segment\nidentify new markets and develop products precisely for those markets\n gradually increase the mark - up on the goods produced

question 12\n1 pts\nin theory, in the long run, monopolistically competitive firms earn zero profits. however, in reality there are some ways by which a firm can avoid losing profits. which of the following is one such way?\nlower the price of its products to expand its market share\nfind a market niche and keep it as narrow as possible so as to prevent other producers from entering this market segment\nidentify new markets and develop products precisely for those markets\n gradually increase the mark - up on the goods produced

Answer

Brief Explanations:

In monopolistic competition, finding new markets and tailoring products to them can create unique value and customer - base, allowing firms to avoid zero - profit situations. Lowering prices may lead to price wars and reduced profits. Keeping a niche too narrow may limit growth and may not be sustainable. Gradually increasing mark - up may lead to loss of customers.

Answer:

identify new markets and develop products precisely for those markets