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Like Many Students, Dahlia Has Financial Problems

question 59

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Like many students, Dahlia has financial problems. And like many students, she tries to finds ways to make her money go farther. Some of her strategies are better than others. She recently was detained by a security guard after she switched price tags on two pairs of pants, and tried to buy the more expensive pair with the less expensive tag on it. Which of the following statements is TRUE?

Explore how entry and exit of firms in the long run affects market outcomes in monopolistically competitive markets.
Understand the efficiency implications of monopolistic competition compared to perfect competition.
Analyze the impact of price elasticity of demand on a firm’s strategy in monopolistically competitive markets.
Understand the advantages and disadvantages of alternate dispute resolution.

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