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24-11-2022
Business

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two firms, firm a and firm b, have identical cost curves, yet firm a operates in perfect competition and firm b operates in monopolistic competition. in the long run, what can we say about the price and output that each firm charges?

Respuesta :

24-11-2022

The monopolistic firm will have more benefits since they are a monopoly they can raise the prices without having big repercusión since they don’t have as much competition

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