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Chako Chako
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8 years ago
Under the model of monopolistic competition, a(an) ________ in the number of firms in the industry will cause ________ to ________.
A) increase; average price; increase
B) decrease; markup; decrease
C) increase; marginal cost; decrease
D) increase; average price; decrease
E) increase; average cost; decrease
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
8 years ago
Happy to help you!
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