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In a Monopolistically Competitive Market, Abnormal Profit Will

Question 12

Multiple Choice

In a monopolistically competitive market, abnormal profit will:


A) Increase the number of suppliers and increase demand for each firm.
B) Increase the number of suppliers and decrease demand for each firm.
C) Decrease the number of suppliers and increase demand for each firm.
D) Decrease the number of suppliers and decrease demand for each firm.

Correct Answer:

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