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Home Q & A Board Other Fields Homework Help Business Economics
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eennuson eennuson
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A year ago
Consider a monopolistically competitive industry. Since firms are able to freely enter and exit the industry, we can predict

▸ a negatively sloped demand curve for the industry.

▸ zero profits in long-run equilibrium.

▸ strategic behaviour with regard to other firms in the industry.

▸ that exit will occur until no firm has excess capacity.

▸ brand proliferation.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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DPhoenixDPhoenix
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A year ago
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eennuson Author
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A year ago
Thank you, thank you, thank you!
deathwing
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Thanks
sleinhi
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Just got PERFECT on my quiz
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