Purely competitive sellers can earn economic profit over both the short run and the long run.
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Q196: The boundaries of a market are determined
Q197: There can be significant disagreement and dispute
Q198: Pure competition is the market structure where
Q199: In pure competition, the market demand curve
Q200: In the long run, a firm in
Q202: The demand curve for each individual seller's
Q203: Product differentiation in a monopolistically competitive market
Q204: Advertising by sellers in a monopolistically competitive
Q205: Firms in monopolistically competitive markets can earn
Q206: Oligopolists are like monopolistic competitors in that
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