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nguyenduong67 nguyenduong67
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6 years ago
Suppose in the city of Smugsburg, DVD rental stores operate in a monopolistically competitive market. If the price of DVD rentals in Smugsburg is currently equal to $5 per tape and the average cost of renting videos is $1 per DVD, in the long run we expect the price of renting DVDs to
A) increase.
B) stay the same.
C) decrease, and the average cost of producing DVD rentals to increase.
D) decrease, and the average cost of producing DVD rentals to decrease.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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