Can Positive Economic Profits Persist Under Monopolistic Competition in the Long

question 48

Essay

Can positive economic profits persist under monopolistic competition in the long run.Why?

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Definitions:

Cochlea

A spiral-shaped canal in the inner ear that contains the hearing receptors.

Lacrimal Glands

Small, almond-shaped glands located in the upper outer part of each eye that produce tears, which help lubricate and protect the surface of the eye.

Enzymes

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms, essential for digestion, metabolism, and other bodily functions.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, some of which can cause diseases.