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Title: If new firms enter a monopolistically competitive market structure in the long run, ________.
Post by: whipped on May 23, 2017
If new firms enter a monopolistically competitive market structure in the long run, ________.
A) the demand curves faced by the existing firms shift to the right
B) the demand curves faced by the existing firms become perfectly inelastic
C) the demand curves faced by the existing firms become more elastic
D) the supply curves of the existing firms become relatively more elastic


Title: Re: If new firms enter a monopolistically competitive market structure in the long run, ________.
Post by: lostein on May 23, 2017
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