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Basile [38]
3 years ago
6

How does the​ long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive​ indus

try?
Social Studies
1 answer:
Troyanec [42]3 years ago
7 0

Answer:

A firm in monopolistic competition does not take full advantage of its economies of scale because it's the only oferent of a good. A firm in perfect competition produces at the lowest average cost possible.

Explanation:

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