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    Principles of Microeconomics
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    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    The Entry of New Firms into a Monopolistically Competitive Market
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The Entry of New Firms into a Monopolistically Competitive Market

Question 72

Question 72

True/False

The entry of new firms into a monopolistically competitive market makes the demand curves for the existing firms more elastic.

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