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Answer the Question on the Basis of the Following Short

Question 65

Multiple Choice

Answer the question on the basis of the following short run demand and cost data for a specific firm. Answer the question on the basis of the following short run demand and cost data for a specific firm.   In the long run, the number of firms in this monopolistic competitive industry will most likely A) decrease. B) increase. C) stay the same. D) The answer cannot be determined from the given data. In the long run, the number of firms in this monopolistic competitive industry will most likely


A) decrease.
B) increase.
C) stay the same.
D) The answer cannot be determined from the given data.

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