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    Economics Study Set 10
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    Exam 24: Monopolistic Competition Oligopoly and Game Theory
  5. Question
    Why Is an Oligopolist More Likely to Be Able to Earn
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Why Is an Oligopolist More Likely to Be Able to Earn

Question 154

Question 154

Essay

Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?

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There are significant barriers to entry ...

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