When firms in monopolistic competition are making an economic profit, firms will a.enter the industry, and demand will decrease for the original firms. b.enter the industry and then will exit the industry c.enter the industry, and demand will increase for the original firms. d.exit the industry, and demand will increase for the firms that remain.

When firms in monopolistic competition are making an economic profit, firms will a.enter the industry, and demand will decrease for the original firms. b.enter the industry and then will exit the industry c.enter the industry, and demand will increase for the original firms. d.exit the industry, and demand will increase for the firms that remain.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter10: Monopolistic Competition And Oligoply

Section: Chapter Questions

Problem 6SQP

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