Why do prices in monopolistic competitive markets remain, Microeconomics

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Why do prices in monopolistic competitive markets remain

Problem

Why do prices in monopolistic competitive markets remain above the prices that would exist in perfectly competitive markets even in the long run after entry has eliminated above normal profits?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why do prices in monopolistic competitive markets remain

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Microeconomics: Why do prices in monopolistic competitive markets remain

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