Question: Question 1:Why would anyone want to enter a profitable industry knowing that profits would eventually be eliminated by competition? Question 2:In an oligopolistic market, firms

Question 1:Why would anyone want to enter a profitable industry knowing that profits would eventually be eliminated by competition?

Question 2:In an oligopolistic market, firms pay close attention to the strategies of their rivals.In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence.Why is there probably some rivalry in many monopolistically competitive markets?You also must cover the oligopolistic market

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