In the short run,monopolistically competitive firms behave like ________________,but in the long run,the outcome is similar to that of the ________________.

Question

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In the short run, monopolistically competitive firms can set prices like monopolies due to product differentiation, but in the long run, new firms enter the market, driving economic profits to zero, similar to a perfectly competitive firm.

In the Short Run,monopolistically Competitive Firms Behave Like ________________,But in the Long