-If the firm represented in Figure 11-7 is typical of other firms in the industry,then,as the long run approaches,
A) some firms will exit,and the demand curves facing the remaining firms will shift to the left
B) some firms will exit,and the demand curves facing the remaining firms will shift to the right
C) some firms will enter,and the demand curves facing the remaining firms will shift to the left
D) some firms will enter,and the demand curves facing the remaining firms will shift to the right
E) the industry will eventually disappear
Correct Answer:
Verified
Q53: In the long run,a monopolistically competitive firm
Q54: An oligopoly is a market
A)dominated by a
Q55: Q56: Which of the following is an example Q57: A market in which a small number Q59: In monopolistic competition,product differentiation causes Q60: Cecilia's Cafe is a monopolistic competitor.If Cecilia's Q61: Oligopolies feature Q62: All of the following are examples of Q63: The output level at which a firm's
A)the firms to
A)the absence of barriers to entry
B)extensive
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