ECo223

Find the Graphs for a Monopolistic Competition Market Assignment Directions: Monopolies can maintain economic profits in the short and long run because of barriers to entry which prevent competitors from entering the market. A Monopolistic Competition market does not have barriers to entry, so firms are free to enter and leave the market. This creates a situation where there is a long and short run similar to perfect competition. Google search images and find images of graphs. To earn full credit your graphs must include the following: 1. A graph showing: short run economic profit 2. A graph showing: short run economic loss 3. A graph showing: long run - normal profit (economic profit equal to zero) Attach and Submit in a Word, PDF, or pic format