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In the studying of monopoly and monopolistic competition, what are the long-run effects on prices, output, and profits in these industries (patent

In the studying of monopoly and monopolistic competition, what are the long-run effects on prices, output, and profits in these industries (patent expiration for monopolies, entry into monopolistically competitive industries).

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Problem: In the studying of monopoly and monopolistic competition, what are the long-run
effects on prices, output, and profits in these industries (patent expiration for monopolies, entry
into...

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