Multiple Choice
In the long run, the equilibrium number of monopolistically
Competitive firms with trade:
A) is less than the total number of firms worldwide in autarky.
B) is the same as the total number of firms worldwide in autarky.
C) is greater than the total number of firms worldwide in autarky.
D) may be less than, the same as, or greater than the total number of firms worldwide in autarky.
Correct Answer:
Verified
Correct Answer:
Verified
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