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20 May, 19:42

If a monopolistic competitor is able to restrict output, why doesn't it earn economic profits?

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  1. 20 May, 19:44
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    Had to look for the options and here is my answer. If a monopolistic competitor ables to restrict output, then the reason why it does not earn economic profits is because the products of the firm are all identical or the same. Hope this answers your question.
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