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Author Question: When firms enter a monopolistically competitive market: a. product variety diminishes. b. the ... (Read 92 times)

P68T

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on: Jun 30, 2018
When firms enter a monopolistically competitive market:
 a. product variety diminishes.
 b. the demand curves of established firms shift to the right.
  c. prices fall.
 d. profits increase.

Question 2

A contract between a bee keeper and an orchard farmer usually break because of the high cost of writing the contract.
  Indicate whether the statement is true or false


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hramirez205

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

F


P68T

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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