In the long run if some firms are losing money in monopolistic competition
A) the industry supply curve cannot increase because of high barriers to entry.
B) the industry supply curve will increase and market price will fall.
C) the industry supply curve cannot decease because of high barriers to entry.
D) the industry supply curve will decrease and market price will rise.
Correct Answer:
Verified
Q121: A monopolistically competitive industry has
A)a differentiated product
Q122: The monopolistic competitor produces a _ output
Q123: Which statement is true?
A)The monopolistic competitor can
Q124: Monopolistic competitors that give better deals to
Q125: The demand curve for monopolistic competitive firms
Q127: Each of the following is an example
Q128: Monopolistic competition may lead to each of
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