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    Microeconomics Study Set 44
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    Exam 15: Monopolistic Competition and Product Differentiation
  5. Question
    Short-Run Equilibrium in Monopolistic Competition and Differs from That of Monopoly
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Short-Run Equilibrium in Monopolistic Competition and Differs from That of Monopoly

Question 8

Question 8

True/False

Short-run equilibrium in monopolistic competition and differs from that of monopoly because the monopolistic competitor can make losses in the short run, while in a monopoly, profits will always be zero or positive.

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