Make a case for why monopolistically competitive industries never reach long-run equilibrium.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 01:15 PM

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Make a case for why monopolistically competitive industries never reach long-run equilibrium.

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Monopolistically competitive industries exhibit characteristics of both monopoly and perfect competition which can make it difficult for them to reach a longrun equilibrium Heres a case for why these ...View the full answer

Principles Of Economics

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