Under the model of monopolistic competition, a(an). industry will cause to increase; marginal cost; decrease increase; average cost; decrease increase; markup; decrease decrease; markup; decrease in the number of firms in the
Under the model of monopolistic competition, a(an). industry will cause to increase; marginal cost; decrease increase; average cost; decrease increase; markup; decrease decrease; markup; decrease in the number of firms in the
Chapter26: Monopolistic Competition And Oligopoly
Section: Chapter Questions
Problem 10E
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I believe it is either the second or third choice but i am not sure, if you could please explian what the answer is in simple terms.
Transcribed Image Text:Under the model of monopolistic competition, a(an)
industry will cause
to
increase; marginal cost; decrease
increase; average cost; decrease
increase; markup; decrease
decrease; markup; decrease
in the number of firms in the
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