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-Refer to Figure 9 -9

Question 18

Multiple Choice

-Refer to Figure 9 -9. Which of the following statements is true? A) D<sub>a</sub><sub> </sub>represents the long run demand curve facing a monopolistic competitor in a constant cost industry while D<sub>b</sub><sub> </sub>depicts the long run demand curve in an increasing cost industry. B) D<sub>a</sub><sub> </sub>represents the long run demand curve facing a monopolistic competitor in a constant cost industry while D<sub>b </sub>depicts the demand curve in the short run. C) D<sub>a</sub><sub> </sub>represents the long run supply curve in a perfectly competitive constant cost industry while D<sub>b </sub>depicts the long run demand curve facing a monopolizing competitor in a decreasing cost industry. D) D<sub>a</sub><sub> </sub>represents the long run demand curve facing a perfect competitor while D<sub>b</sub><sub> </sub>depicts the long run demand curve facing a monopolizing competitor.
-Refer to Figure 9 -9. Which of the following statements is true?


A) Da represents the long run demand curve facing a monopolistic competitor in a constant cost industry while Db depicts the long run demand curve in an increasing cost industry.
B) Da represents the long run demand curve facing a monopolistic competitor in a constant cost industry while Db depicts the demand curve in the short run.
C) Da represents the long run supply curve in a perfectly competitive constant cost industry while Db depicts the long run demand curve facing a monopolizing competitor in a decreasing cost industry.
D) Da represents the long run demand curve facing a perfect competitor while Db depicts the long run demand curve facing a monopolizing competitor.

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