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tuggy tuggy
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7 years ago
The equilibrium price charged by a monopolistic competitor in the long run after the entry of new firms is ________.
A) higher than the equilibrium price charged by the firm before the entry of new firms
B) lower than the equilibrium price charged by the firm before the entry of new firms
C) lower than the equilibrium price charged by a perfectly competitive firm in the long run
D) equal to the equilibrium price charged by the firm before the entry of new firms
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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