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Tidy Tidy
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10 years ago
When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the
A) substitution effect.
B) income effect.
C) price effect.
D) output effect.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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VincenzoDVincenzoD
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Tidy Author
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10 years ago
Helped a lot
lipop
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Thank you, thank you, thank you!
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Smart ... Thanks!
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