Question

Ques1)...
Give an example of pure oligopoly and an example of differential oligopoly

Ques2)...
What is the reason for the long run equilibrium of a firm in a monoplistic competition to ne associated with zero profit?

Plssssssss Answer........
And
Plssssssss follow-up me on snapchat @ayushisinha2281 pls follow-up me its a request to u allllllllllllll.................
​

Answer 1

Question 1:

Industries which are examples of oligopolies include:

Steel industry.

Aluminum.

Film.

Television.

Cell phone.

Gas.

Question 2:

The reason why firm in monopolistic competition earns zero profit in the long run is free entry and exit of firm. If firm earns super-normal profits in the short run then new entry will take place in the long run. If the firm is incurring losses in the short run, firm will leave in the long run.

Hope it helps...

please make brainliest...!