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Author Question: As firms ________ a monopolistically competitive industry the demand and marginal revenue curves ... (Read 72 times)

Sportsfan2111

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on: Apr 19, 2019

Question 1

If firms in a monopolistically competitive industry are ________, then in the long run new firms producing close substitutes will enter the industry.


◦ suffering economic losses
◦ earning economic profits
◦ breaking even
◦ producing where 
MR = 
MC

Question 2

As firms ________ a monopolistically competitive industry the demand and marginal revenue curves facing each firm begin to shift to the ________.


◦ expand in; right
◦ exit; left
◦ exit; right
◦ enter; right
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Sportsfan2111 on Apr 19, 2019

Tonyam972

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sportsfan2111

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Reply #2 on: Apr 19, 2019
Thank you!


Tonyam972

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Reply #3 on: Apr 19, 2019
Always glad to help...


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