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Small Cover
Economics, 6/e
Stephen L. Slavin
Monopolistic Competition

Chapter 24 - Monopolistic Competition



1

Under monopolistic competition there are firms in an industry.
2

In the long run the monopolistic competitor makes economic profit.
3

Perfect price discrimination eliminates the .
4

The monopolistic competitor is efficient than the perfect competitor.
5

A monopolistic competitor makes a profit only in the .








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