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In the Long Run, After Trade Occurs, the Equilibrium Number

Question 78

Multiple Choice

In the long run, after trade occurs, the equilibrium number of monopolistically competitive firms:


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.

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