Business, 21.04.2020 23:43, AutumnJoy12

For all its similarities to a monopolist in the short run, the monopolistically competitive firm faces one huge problem that the monopolist does not in the long run: a) demand is downward sloping. b) other firms can enter the market. c) products are differentiated. d) other firms cannot enter the market.

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For all its similarities to a monopolist in the short run, the monopolistically competitive firm fac...