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.
Correct Answer:
Verified
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Q66: Monopolistic competition resembles pure competition because
A)both industries
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A)competition between products of
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