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Title: Suppose in the city of Blacksburg, music stores operate in a monopolistically competitive market. If ...
Post by: nguyenduong67 on Aug 29, 2017
Suppose in the city of Blacksburg, music stores operate in a monopolistically competitive market. If the price of CDs in Blacksburg is currently equal to $20 per CD and the average cost of CDs is $15, in the long run we expect the price of CDs to
A) stay the same.
B) increase.
C) decrease, and the average cost of selling CDs to increase.
D) decrease, and the average cost of selling CDs to decrease.


Title: Re: Suppose in the city of Blacksburg, music stores operate in a monopolistically competitive ...
Post by: Quinn1981 on Aug 29, 2017
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