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nakungth nakungth
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Posts: 1175
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6 years ago
What happens to an incumbent firm's demand curve in monopolistic competition as new firms enter?
A) It shifts right.
B) It shifts left.
C) It becomes horizontal.
D) New entrants will not affect an incumbent firm's demand curve.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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6 years ago
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Good timing, thanks!
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this is exactly what I needed
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