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Homework answers / question archive / Why is it that firms can earn profits in the long run in monopoly and oligopoly, but not in monopolistic competition and perfect competition?

Why is it that firms can earn profits in the long run in monopoly and oligopoly, but not in monopolistic competition and perfect competition?

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Why is it that firms can earn profits in the long run in monopoly and oligopoly, but not in monopolistic competition and perfect competition?

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