![a) Explain the difference between short-run equilibrium and long-run equilibrium in monopolistic competition. b) “Perfect competition is a more desirable market form than monopolistic competition.” Discuss. | Koki's Blog a) Explain the difference between short-run equilibrium and long-run equilibrium in monopolistic competition. b) “Perfect competition is a more desirable market form than monopolistic competition.” Discuss. | Koki's Blog](https://cokehat.files.wordpress.com/2011/01/e382b9e382afe383aae383bce383b3e382b7e383a7e38383e38388efbc882011-01-26-14-04-08efbc89.png?w=584)
a) Explain the difference between short-run equilibrium and long-run equilibrium in monopolistic competition. b) “Perfect competition is a more desirable market form than monopolistic competition.” Discuss. | Koki's Blog
![Diagrammatically represent an economy that is in neither short-run nor long-run equilibrium. | Study.com Diagrammatically represent an economy that is in neither short-run nor long-run equilibrium. | Study.com](https://study.com/cimages/multimages/16/22222914180788451590132.png)
Diagrammatically represent an economy that is in neither short-run nor long-run equilibrium. | Study.com
![1. (a) Short-run and (b) long-run equilibrium in monopolistic competition | Download Scientific Diagram 1. (a) Short-run and (b) long-run equilibrium in monopolistic competition | Download Scientific Diagram](https://www.researchgate.net/profile/Jovi-Dacanay/publication/234032493/figure/fig1/AS:669568947216400@1536649085428/a-Short-run-and-b-long-run-equilibrium-in-monopolistic-competition.png)