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Author Question: The major difference between monopolistic competition and monopoly is (Read 81 times)

chads108

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on: May 24, 2019
The major difference between monopolistic competition and monopoly is
◦ monopoly is a price setter, and a firm in monopolistic competition is a price taker.
◦ only a monopoly can make an economic profit in the long run.
◦ only a firm in monopolistic competition can make an economic profit in the short run.
◦ how the quantity of output is determined.
◦ only firms in monopolistic competition are protected by barriers to entry.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by chads108 on May 24, 2019

GCabra

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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chads108

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Reply #2 on: May 24, 2019
Thank you!


GCabra

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Reply #3 on: May 24, 2019
Always glad to help...


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