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Author Question: Which of the following does not happen when new firms enter a monopolistically competitive industry? ... (Read 71 times)

JGIBBSON

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on: Jun 30, 2018
Which of the following does not happen when new firms enter a monopolistically competitive industry?
 a. The demand curve for each of the existing firms will fall.
 b. The demand curve for each of the existing firms will move inward.
 c. The demand curve for each of the existing firms will becomes relatively more elastic.
  d. The demand curve for each of the existing firms will shift to the right.

Question 2

Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency.
 a. True
  b. False
  Indicate whether the statement is true or false


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Joy Chen

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

d

Answer to Question 2

False


JGIBBSON

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

adammoses97

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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