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rosenrot rosenrot
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2 years ago
Unlike perfectly competitive and monopolistically competitive firms, oligopolistic firms

▸ always make positive profits.

▸ always have differentiated products.

▸ earn zero profits in the long run.

▸ operate where MR = MC.

▸ take account of the likely reactions of their competitors to their actions.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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amandashimkusamandashimkus
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2 years ago
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rosenrot Author
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2 years ago
Thanks
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Thank you, thank you, thank you!
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Smart ... Thanks!
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