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True or False. a. Comparing monopoly to monopolistic competition, we can tell that the rm will earn economic prot in both cases in the long
True or False. a. Comparing monopoly to monopolistic competition, we can tell that the rm will earn economic prot in both cases in the long run. b. When oligopolists collude and form a cartel, the outcome in the market is similar to that generated by a perfectly competitive market. c. A prot-maximizing monopolist's marginal cost is its supply curve
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