In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes

Profit and bar entry to new firms

Profits and new firms join the market

Makes losses and exit the market

In the short run if the price is above the average total cost in a mon

1.	In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes
A.	Profits and new firms join the market
B.	Profit and bar entry to new firms
C.	Makes losses and exit the market
D.	Quick profit and disappears
Answer» B. Profit and bar entry to new firms