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chomtong chomtong
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7 years ago
The pizza delivery industry is monopolistically competitive. Little Joeʹs Pizzeria raises its prices by 10%, but all the other pizzerias in town keep their prices the same. Which of the following is most likely to occur?
A) Little Joeʹs Pizzeria will not be able to sell any pizzas, because it was the only firm to raise its price.
B) The number of customers served by Little Joeʹs Pizzeria will increase.
C) Little Joeʹs Pizzeriaʹs profits will increase.
D) Little Joeʹs Pizzeria will lose some of its customers.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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