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Chako Chako
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8 years ago
In the model of monopolistic competition, an increase in industry output will ________ market shares and ________ profits of producers of higher-priced goods and will ________ market shares and ________ profits of producers of lower-priced goods.
A) reduce; increase; increase; reduce
B) reduce; increase; reduce; increase
C) increase; increase; reduce; reduce
D) reduce; reduce; increase; increase
E) increase; reduce; increase; reduce
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 85 times
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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
Don't forget to vote my answer as best Nerd Face
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