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Syllabus

Profit maximization in the short run

Path:

Last exams 2021 » Section 1: Microeconomics » 1.5 Theory of the firm and market structures (HL only) » Monopolistic competition » Profit maximization in the short run

Description

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Directly related questions

21M.1.HL.TZ1.2a:
Explain why a monopolistically competitive firm can make economic (abnormal) profit in the short run, but not in the long run.

Sub sections and their related questions

None