Oligopoly markets and monopolistic competition

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Reference no: EM13687591

In both oligopoly markets and monopolistic competition with differentiated products Select one:

1. There is easy entry and exit

2. Economic profits may be earned in the long run

3. There are many, many sellers (in the thousands, for example)

4. Consumers perceive differences between the products of various competitors

Reference no: EM13687591

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