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When a Monopolistically Competitive Firm Lowers Its Price, One Good

Question 25

Multiple Choice
When a monopolistically competitive firm lowers its price, one good thing happens to the firm.What is this "one good thing" called? A)the output effect B)the price effect C)the income effect D)the substitution effect

When a monopolistically competitive firm lowers its price, one good thing happens to the firm.What is this "one good thing" called?


A) the output effect
B) the price effect
C) the income effect
D) the substitution effect

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