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    Principles of Microeconomics
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    Exam 15: Monopolistic Competition
  5. Question
    When Some Firms Exit a Monopolistic Competitive Industry, the Demand
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When Some Firms Exit a Monopolistic Competitive Industry, the Demand

Question 169

Question 169

Multiple Choice

When some firms exit a monopolistic competitive industry, the demand curves of the remaining firms in the industry


A) do not change.
B) shift to the left.
C) shift downward.
D) shift to the right.

Correct Answer:

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