[Step-by-Step] A firm is facing a linear demand curve in the short run under Monopolistic Competition. Illustrate a hypothetical equilibrium for the firm where it
Question: A firm is facing a linear demand curve in the short run under Monopolistic Competition. Illustrate a hypothetical equilibrium for the firm where it is earning positive profit. Describe in details what would happen in the long run if Monopolistic Competition prevails in this industry. Illustrate the long-run equilibrium in a graph.
Deliverable: Word Document 
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![[Solved] The total blood cholesterol concentrations in](/images/solutions/MC-solution-library-73950.jpg "[Solved] The total blood cholesterol concentrations in mg/dl are")
[Solved] The total blood cholesterol concentrations in mg/dl are
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