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  3. Study Set
    Principles of Economics Study Set 12
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    Exam 11: Product Differentiation, Monopolistic Competition, and Oligopoly
  5. Question
    If a Monopolistically Competitive Industry Is in Long-Run Equilibrium and the Costs
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If a Monopolistically Competitive Industry Is in Long-Run Equilibrium and the Costs

Question 50

Question 50

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If a monopolistically competitive industry is in long-run equilibrium and the costs of resources increase suddenly, some firms will eventually leave the industry.

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