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Author Question: When new firms enter a monopolistically competitive industry, each existing firm's A) demand ... (Read 177 times)

fnuegbu

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When new firms enter a monopolistically competitive industry, each existing firm's
 
  A) demand curve shifts rightward.
  B) demand curve shifts leftward.
  C) marginal cost curve shifts rightward.
  D) marginal cost curve shifts leftward.

Question 2

If net exports increases, but neither government expenditure nor net taxes change, saving must increase.
 
  Indicate whether the statement is true or false



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AaaA

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Answer to Question 1

B

Answer to Question 2

TRUE





 

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