Every Time New Firms Enter a Monopolistic Competitive Market, the Firms

Multiple Choice

Every time new firms enter a monopolistic competitive market, the firms already in the market find their

A) price rising to make up for lost customers
B) cost curves shifting upward, reflecting increased inefficiency
C) profits increasing because total revenues increase with more firms in the market
D) demand curves becoming more inelastic as only loyal customers remain
E) demand curves shifting inward to the left