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Wingstop, a monopolistic competitor, initially saw substantial economic profits upon national expansion. We can expect that in the long run, the positive economic profits are
Wingstop, a monopolistic competitor, initially saw substantial economic profits upon national expansion. We can expect that in the long run, the positive economic profits are
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not driven out because competition is not perfect in this industry.
not driven out because of the high demand for chicken wings during the Super Bowl.
driven out because of new firms entering the industry.
driven out because of the departure of competing firms from the industry.
not driven out because firms cannot enter the industry due to licensing regulations.
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