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emlaai emlaai
wrote...
Posts: 443
5 years ago
When a monopolistically competitive firm lowers it price one bad thing happens to the firm. What is this "one bad thing" called?

• the output effect

• the income effect

• the substitution effect

• the price effect
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 42 times
2 Replies

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Replies
wrote...
5 years ago
the price effect
emlaai Author
wrote...
5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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