Society definitely benefits by reducing the number of monopolistically competitive firms.
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Q29: The entry of new firms into a
Q30: In the long run, a monopolistically competitive
Q31: Advertising never makes sense for an oligopolistic
Q32: When comparing industries, a monopolistically competitive industry
Q33: Since firms in both monopolistic competition and
Q35: Oligopolists seldom change prices, because they don't
Q36: An oligopoly is a market dominated by
Q37: In the long run, a monopolistically competitive
Q38: The short-run equilibrium of the firm under
Q39: Average cost is higher with a monopolistically
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