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If a Monopolistically Competitive Industry Is in Long-Run Equilibrium,a Firm

Question 58

Multiple Choice

If a monopolistically competitive industry is in long-run equilibrium,a firm in that industry might be able to increase its economic profits by:


A) decreasing the price of its product.
B) increasing the price of its product.
C) increasing the demand for its product.
D) decreasing the demand for its product.

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