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Author Question: When firms exit a monopolistically competitive market: a. product variety diminishes. b. prices ... (Read 104 times)

APUS57

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  • Posts: 571
on: Jun 30, 2018
When firms exit a monopolistically competitive market:
 a. product variety diminishes.
 b. prices fall.
 c. profits decrease (losses increase).
 d. the demand curves of established firms shift to the right.

Question 2

Although a LoJack benefits the community as a whole by lowering the incidence of theft, an individual car owner may prefer not to install it.
  Indicate whether the statement is true or false


duke02

  • Sr. Member
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  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

T


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