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The Graph Shown Displays the Cost and Revenue Curves Associated

Question 33

Multiple Choice

The graph shown displays the cost and revenue curves associated with a monopolistically competitive firm in the short run. The graph shown displays the cost and revenue curves associated with a monopolistically competitive firm in the short run.  In the long run we can expect that: A) firms will enter the market. B) firms will exit the market. C) price will increase. D) profits will increase. In the long run we can expect that:


A) firms will enter the market.
B) firms will exit the market.
C) price will increase.
D) profits will increase.

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