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nguyenduong67 nguyenduong67
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6 years ago
Suppose you operate in a monopolistically competitive market. If you sell your good at a price of $20 and your average cost of production is $15
A) you cannot be in short-run equilibrium.
B) your market may be in long-run equilibrium.
C) you should expect competing firms to enter your market and shift the demand curve for your good to the right.
D) you should expect competing firms to enter your market and shift the demand curve for your good to the left.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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