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nummyann

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Provide some examples of industries near your school that operate in monopolistic competition (excluding those given on the text page in the figure).
 
  What will be an ideal response?

Question 2

Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal good) to increase?
 
  A) a drought that sharply reduces cotton output
  B) an increase in consumer income
  C) a decrease in consumer income
  D) unusually good weather that results in a bumper crop of cotton


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frogdreck123456

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nummyann

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Reply 2 on: Jun 29, 2018
Excellent


peter

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Reply 3 on: Yesterday
Gracias!

 

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