If Monopolistic Competitors Are Making a Profit in the Short

question 58

Short Answer

If monopolistic competitors are making a profit in the short run,in the long run _____________ and squeeze out profits.

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Definitions:

Representation

involves the act of depicting or symbolizing someone or something in particular ways, often in politics, media, or arts.

Group Identification

The psychological process by which individuals align themselves with particular social groups, adopting the group's norms, values, and behavior.

Self-Esteem

The individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.

Oppressed Groups

Communities or social groups that face systemic inequalities, discrimination, and injustices due to societal power imbalances.