
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Nike is a firm in monopolistic competition. If Nike is earning an economic profit from new cross – training shoe, over time the demand for these shoes
O A. increases as firms exit the market.
O B. decreases as firms exit the market.
O C. increases as new firms enter the market.
O D. decreases as new firms enter the market.
O E. does not change as new firms enter the market,
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