When firms in monopolistic competition incur an economic loss,some firms will
A) enter the industry and produce more products.
B) exit the industry, and demand will increase for the firms that remain.
C) exit the industry, and demand will decrease for the firms that remain.
D) enter the industry, and demand will become more elastic for the original firms.
E) exit the industry and other firms will enter.
Correct Answer:
Verified
Q81: In the long-run,a firm in monopolistic competition
Q98: Q99: In the long run in monopolistic competition,firms Q100: Q101: Which of the following is TRUE about Q102: The primary reason why monopolistically competitive firms Q104: A firm in monopolistic competition is similar Q105: In the long run,firms in monopolistic competition Q106: If firms in monopolistic competition are making Q108: When a monopolistically competitive firm's demand curve![]()
A)![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents