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Economics A Level (DONEEEEEEE)
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Pregunta:
In a Monopolistic Competition Structure, how can the Short Run act as a Monopoly?
Autor: eric_galvaoRespuesta:
-Barriers to Entry and Product Differentiation can allow Supernormal Profits to Develop. This is only in the Short Run though -The Only Difference between Monopolies and this is that the Demand Curve for Monopolistic Competition is more Elastic
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