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Author Question: As new firms enter a monopolistically competitive industry, the ________ curve facing each existing ... (Read 85 times)

cnetterville

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on: Apr 19, 2019

Question 1

If firms in a monopolistically competitive industry are incurring losses, in the long run firms will leave this industry until


◦ P = 
MC.
◦ P = 
ATC.
◦ MC = 
ATC.
◦ MR = 
ATC.

Question 2

As new firms enter a monopolistically competitive industry, the ________ curve facing each existing firm will shift to the left and become more elastic because there are now ________ substitutes for its product.


◦ demand; more
◦ demand; less
◦ supply; more
◦ supply; less
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cnetterville on Apr 19, 2019

potomatos

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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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cnetterville

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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