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11 Dec 2019
Which of the following statements concerning a monopolistically competitive industry is correct?
A. If there are short-run losses, firms will exit from the industry and the demand of the remaining firms will increase.
B. If there are short-run losses, firms will exit from the industry and the demand of the remaining firms will decrease.
C. If there are short-run profits, firms will enter the industry and the demand of the remaining firms will increase.
D. If there are short-run profits, firms will exit from the industry and the demand of the remaining firms will increase.
Which of the following statements concerning a monopolistically competitive industry is correct?
A. If there are short-run losses, firms will exit from the industry and the demand of the remaining firms will increase.
B. If there are short-run losses, firms will exit from the industry and the demand of the remaining firms will decrease.
C. If there are short-run profits, firms will enter the industry and the demand of the remaining firms will increase.
D. If there are short-run profits, firms will exit from the industry and the demand of the remaining firms will increase.
Mahe AlamLv10
14 Mar 2021
