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11 Dec 2019
Firms will enter a monopolistically competitive industry when there are;
a. normal profits. This will shift demand to the left, reducing the market share and the economic profit.
b. normal profits. This will shift demand to the right, reducing the market share and the economic profit.
c. economic profits. This will shift demand to the left, reducing the market share and the economic profit.
d. any profits. This will shift supply to the right, increasing the market share and the profit.
Firms will enter a monopolistically competitive industry when there are;
a. normal profits. This will shift demand to the left, reducing the market share and the economic profit.
b. normal profits. This will shift demand to the right, reducing the market share and the economic profit.
c. economic profits. This will shift demand to the left, reducing the market share and the economic profit.
d. any profits. This will shift supply to the right, increasing the market share and the profit.
Chika IlonahLv10
9 Oct 2020
