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Posted: **Thu Apr 28, 2022 11:38 am**

: 5 Assuming That A Firm Under Monopolistic Competition Can Make Supernormal Profits In The Short Run Will There Be Any D 1 (16.15 KiB) Viewed 27 times

5 Assuming that a firm under monopolistic competition can make supernormal profits in the short run, will there be any difference in the long-run and short-run elasticity of demand? Explain.