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

Question

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In the short run, both monopolistic competitors and monopolies can make profits or incur losses. Monopolies can also experience losses if their average total costs exceed their revenues.

Short-Run Equilibrium in Monopolistic Competition and in Monopoly Differs Because