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In the Model of Monopolistic Competition,if Firms Have ________ Average

Question 45

Multiple Choice

In the model of monopolistic competition,if firms have ________ average cost curves,then opening trade will cause ________ firms to ________ the industry.


A) different; less efficient; exit
B) different; more efficient; enter
C) symmetric; less efficient; exit
D) symmetric; more efficient; enter
E) symmetric; less efficient; enter

Correct Answer:

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