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Tidy Tidy
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Posts: 4852
8 years ago
Tony's Italian Ice is a monopolistically competitive firm. If Tony's earns a profit in the short run, which of the following is most likely to occur?
A) New firms that sell Italian ice will enter the market and Tony's cost curves will shift to the left.
B) New firms that sell Italian ice will enter the market and Tony's demand curve will shift to the left.
C) New firms that sell Italian ice will enter the market and Tony's demand curve will shift to the right.
D) New firms that sell Italian ice will enter the market and Tony's demand curve will become more inelastic.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 1444 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Tidy Author
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8 years ago
Helped a lot
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Smart ... Thanks!
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