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rosenrot rosenrot
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A year 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.
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Microeconomics

Microeconomics


Edition: 17th
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amandashimkusamandashimkus
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