If Entry into a Monopolistically Competitive Industry Occurs Because of Positive

question 81

Multiple Choice

If entry into a monopolistically competitive industry occurs because of positive profits earned by the existing firms,the

• A)demand curve for each existing firm will shift to the right.
• B)demand curve for each existing firm will shift to the left.
• C)industry demand curve will shift to the left.
• D)demand curves for the existing firms will remain unchanged.
• E)industry demand curve will shift to the right.

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