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Why is an oligopolist more likely to be able to earn a profit in the long run than a monopolistic competitive firm is?

Why is an oligopolist more likely to be able to earn a profit in the long run than a monopolistic competitive firm is?

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Why is an oligopolist more likely to be able to earn a profit in the long run than a monopolisticcompetitive firm is?Answer:Firms in oligopolist market are likely to earn more profits in the…

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