Describe how an oligopolist is more likely to earn a profit in the long run compared to monopolistically competitive firm.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter10: Monopolistic Competition And Oligoply
Section: Chapter Questions
Problem 6SQP
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Describe how an oligopolist is more likely to earn a profit in the long run
compared to monopolistically competitive firm.
Transcribed Image Text:Describe how an oligopolist is more likely to earn a profit in the long run compared to monopolistically competitive firm.
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