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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 30

8.4 Monopolistic competition

One idea · follow the reasoning · then practise1 / 9

01

Why can long-run profit be zero while price remains above MC with differentiated products?

A large building, smaller buildings, groups of game pieces, and a branching decision board connected by arrows
VISUAL NOTE · Market power and games Differentiation grants power while entry remains open

Each café has some pricing discretion, yet new cafés can enter easily.