I am pretty sure its Pittsburgh but I'm not completely sure.
Answer:
Option C: In the long run, positive economic profit will be eliminated.
Explanation:
The statement that best describes firms under monopolistic competition is Option C, which is "in the long run, positive economic profit will be eliminated."
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Loss Leaders, Weekly promotions and special events and location is more in retailing than in wholesaling because most retail customers must be drawn to the store location.
<u>Explanation:</u>
Usually the wholesaling doesn’t have the need to pull and drag customers towards their store areas as they mainly concentrate on bulk sales where in retailing every customers matters and it is highly necessary to drag and make customers reach out for their store so that their profit rate can be hugely increased.
Hence the retail shop owners tend to increase their sales by attractive weekly promotions and by conducting special events such as cooking classes etc. Thus events like these are more common in retailing than in wholesaling.
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