vermaid8004 vermaid8004
  • 20-03-2018
  • Business
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A monopolistically competitive firm may earn abnormally high profits in the

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MrsTriplet MrsTriplet
  • 29-03-2018
A monopolistically competitive firm may earn abnormally high profits in the short term.  Monopolistically competitive firms then typically end up with zero profits long term. Monopolistic competition typically charges more than average cost for the item with a shortage of goods produced. 
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