You could conclude that
A) new firms will enter the industry.
B) existing firms will leave the industry.
C) the industry is in the long run.
D) it is unclear whether the industry is in the short run or the long run.
Correct Answer:
Verified
Q28: Q85: Statement I: The trend toward customization is Q86: Which of the following is NOT an Q87: If this firm produced at its most Q88: Monopolistic competition is similar to perfect competition Q89: Which statement is true? Q91: Monopolistic competition may lead to each of Q93: Which statement is true? Q94: Which statement is true? Q95: 
A)Price discrimination eliminates all
A)Only monopolists can truly
A)The monopolistic competitor breaks
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