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Business, 14.04.2020 16:37 angsoccer02
A student makes the following comment: I can understand why a perfectly competitive firm will not earn profits in the long run because a perfectly competitive firm charges a price equal to marginal cost. But a monopolistically competitive firm can charge a price greater than marginal cost, so why can't it continue to earn profits in the long run? How would you answer this question?
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A student makes the following comment: I can understand why a perfectly competitive firm will not ea...
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