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nguyenduong67 nguyenduong67
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7 years ago
Suppose Toor's beer is sold in a monopolistically competitive market. If the price of Toor's is currently $2 and the average cost of producing Toor's is $1, in the long run we can expect
A) no change in the price or average cost of producing Toor's beer.
B) the demand curve for Toor's beer to become horizontal.
C) the demand for Toor's beer to increase.
D) the price of Toor's beer to decrease, and the average cost of producing Toor's to increase.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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nguyenduong67 Author
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7 years ago
this is exactly what I needed
mkyoungs
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This site is awesome
ethom947
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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