Multiple Choice
Figure 16-6
The figure is drawn for a monopolistically competitive firm. 
-Refer to Figure 16-6. In response to the situation represented by the figure, we would expect
A) new firms to enter the market.
B) the demand for this firm's product to decrease, assuming this firm does not exit.
C) this firm's profit to remain the same.
D) some of the firms that are currently in the market to exit.
Correct Answer:
Verified
Correct Answer:
Verified
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