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Other Fields Homework Help Economics Topic started by: AndrewKraus on May 23, 2017



Title: Which of the following will happen if some firms in a monopolistically competitive market incur ...
Post by: AndrewKraus on May 23, 2017
Which of the following will happen if some firms in a monopolistically competitive market incur losses in the short run and the market conditions are not expected to change?
A) The existing firms will continue production in the long run.
B) The demand for the goods produced by the firms will decrease.
C) New firms will enter the industry in the long run.
D) Some firms will exit the industry in the long run.


Title: Re: Which of the following will happen if some firms in a monopolistically competitive market incur ...
Post by: Sudzbury on May 23, 2017
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Title: Re: Which of the following will happen if some firms in a monopolistically competitive market incur ...
Post by: AndrewKraus on Jun 24, 2017
I'll share this with my friends, thank you for being there