Babygirlslaying1246 Babygirlslaying1246
  • 04-09-2019
  • Social Studies
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How does the​ long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive​ industry?

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federico1636
federico1636 federico1636
  • 17-09-2019

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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