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Why Are Firms in Monopolistic Competition Unable to Make an Economic

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Why are firms in monopolistic competition unable to make an economic profit in the long run?


Definitions:

Professional Search Firms

Companies specializing in recruiting high-level executives or specialized professionals for other organizations.

Placement Agencies

Agencies specialized in matching employers with potential employees, often focusing on specific industries or professional fields.

Cost Per Recruit

The total expense incurred by an organization to hire a new employee, including advertising, interviewing, testing, and training costs.

Success Rate

A measure of the proportion of successful outcomes compared to total attempts, often used in evaluating performance.

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