Why is an oligopolist more likely to be able to earn a


Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm? Describe the Diamond-Water paradox and the solution? Explain why price is greater than marginal revenue for a single-price monopolist and how this differs from perfect competition

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Microeconomics: Why is an oligopolist more likely to be able to earn a
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