Short-run equilibrium in monopolistic competition differs from that of monopoly because the monopolistic competitor can make losses in the short run,while in a monopoly,profits will always be zero or positive.

Question

Quizplus · Accepted Answer

The Answer of Short-run equilibrium in monopolistic competition differs from that of monopoly because the monopolistic competitor can make losses in the short run,while in a monopoly,profits will always be zero or positive.

Short-Run Equilibrium in Monopolistic Competition Differs from That of Monopoly