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Figure 17-3 The Lines in the Figures Below Illustrate the Potential Effect

Question 20

Multiple Choice

Figure 17-3
The lines in the figures below illustrate the potential effect of entry and exit in a monopolistically competitive market on either the demand curve or the marginal cost curve of existing firms.
Figure 17-3 The lines in the figures below illustrate the potential effect of entry and exit in a monopolistically competitive market on either the demand curve or the marginal cost curve of existing firms. -Refer to Figure 17-3.Which of the diagrams illustrates the impact of some existing firms leaving the market? A) Panel a B) Panel b C) Panel c D) Panel d
-Refer to Figure 17-3.Which of the diagrams illustrates the impact of some existing firms leaving the market?


A) Panel a
B) Panel b
C) Panel c
D) Panel d

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