-If the monopolistically competitive firm in Figure 11-8 is typical of its competitors,the industry will likely experience
A)increasing returns to scale
B)entry of new firms
C)exit of existing firms
D)no change in the long run
E)exit of all firms

Question

-If the monopolistically competitive firm in Figure 11-8 is typical of its competitors,the industry will likely experience
A)increasing returns to scale 
B)entry of new firms 
C)exit of existing firms 
D)no change in the long run 
E)exit of all firms

Quizplus · Accepted Answer

The Answer of 
-If the monopolistically competitive firm in Figure 11-8 is typical of its competitors,the industry will likely experience
A)increasing returns to scale 
B)entry of new firms 
C)exit of existing firms 
D)no change in the long run 
E)exit of all firms

-If the Monopolistically Competitive Firm in Figure 11-8 Is Typical