Monopolistically competitive firms fail to fully realize their economies of scale.
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Q225: Because they produce where P > MC,
Q226: Monopolistically competitive firms in long-run equilibrium produce
Q227: The long-run equilibrium for a monopolistically competitive
Q228: Monopolistically competitive firms experience "excess capacity" in
Q229: We know that monopolistically competitive firms prevent
Q230: The long-run equilibrium for a monopolistically competitive
Q232: Product differentiation can lead to gains in
Q233: Monopolies can earn positive economic profits in
Q234: Monopolies can _ in the long run
Q235: In long-run equilibrium in monopolistic competition, P
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