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Why Is It That a Monopolistically Competitive Firm Cannot Earn

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Essay

Why is it that a monopolistically competitive firm cannot earn positive economic profits in the long run?


Definitions:

High Explosives

Substances that detonate, decomposing extremely rapidly and producing a shock wave with high energy output.

Initiate

To begin or start a process or action.

Plastic Explosive

A versatile form of explosive material that is moldable and can be shaped to control the direction and force of the explosion.

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