Monopolistic competition 5.0 / 5 based on 1 ratingTeacher recommended ? EconomicsMonopolyA2/A-levelOCR Created by: JadeCreated on: 01-12-12 12:41 52431 Across 1. Monopolistically competitive firms have _________ - this is because their products are differentiated. (4, 5, 6, 5) Down 2. Firms in monopolistic competition are only going to make what profit in the long run? (6, 6) 3. In both short run and long run - in terms of allocative efficiency... (3) 4. In monopolistic competition, the demand curve is ? (10, 7) 5. Given the product differentiation, it should be clear that firms in monopolistic competition compete through ? (3, 5, 11)
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