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Refer to the Diagram

Question 158

Multiple Choice

Refer to the diagram. If all monopolistically competitive firms in the industry have profit circumstances similar to the firm shown above, A) new firms will enter the industry. B) some firms will exit the industry. C) all firms will exit the industry. D) no firms will enter the industry. Refer to the diagram. If all monopolistically competitive firms in the industry have profit circumstances similar to the firm shown above,


A) new firms will enter the industry.
B) some firms will exit the industry.
C) all firms will exit the industry.
D) no firms will enter the industry.

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