Entry by firms in the long run means that,for a monopolistic competitor,price

Question

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In the long run, firms in a monopolistic competition market can enter or exit freely. When new firms enter the market, the demand for existing firms' products decreases, which leads to a decrease in price. As a result, the monopolistic competitor will lower its price to maintain its market share and attract customers. Therefore, entry by firms in the long run means that the price will decrease.

Entry by Firms in the Long Run Means That,for a Monopolistic