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AP Microeconomics
Unit 4 – Imperfect Competition
Topic 4.1
What is the primary factor that allows imperfectly competitive firms to earn long-run profits?
Non-price competition
Greater demand than marginal revenue
Price-taking behavior
Higher barriers to entry
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AP Microeconomics - 4.1 Introduction to Imperfectly Competitive Markets
Key terms
Long-run profits
Imperfectly competitive firms
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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