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1-Graphically illustrate short run profit & loss plus long run equilibrium for a monoplisticaly competitive firm? 2-Describe graphically why a monopolisticaly competitive firm is neither

1-Graphically illustrate short run profit & loss plus long run equilibrium for a monoplisticaly competitive firm?

2-Describe graphically why a monopolisticaly competitive firm is neither productively or allocatively efficient?

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