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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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7 years ago
Which of the following will happen if some firms in a monopolistically competitive market incur losses in the short run and the market conditions are not expected to change?
A) The existing firms will continue production in the long run.
B) The demand for the goods produced by the firms will decrease.
C) New firms will enter the industry in the long run.
D) Some firms will exit the industry in the long run.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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7 years ago
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AndrewKraus Author
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#2
7 years ago
I'll share this with my friends, thank you for being there
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