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Figure 16-11 -Refer to Figure 16-11. the Graph Depicts a Monopolistically Competitive

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Figure 16-11 Figure 16-11   -Refer to Figure 16-11. The graph depicts a monopolistically competitive firm in the short run. Which of the following explanations best describes the long run adjustment? A) More firms will enter this market and each firm will have a smaller share of the total market demand, shifting this firm's demand curve to the left. B) More firms will enter this market and each firm will have a larger share of the total market demand, shifting this firm's demand to the right. C) Firms will exit this market and each firm will have a smaller share of the total market demand, shifting this firm's demand to the left. D) Firms will exit this market and each firm will have a larger share of the total market demand, shifting this firm's demand to the right.
-Refer to Figure 16-11. The graph depicts a monopolistically competitive firm in the short run. Which of the following explanations best describes the long run adjustment?


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Fundamental Attribution Error

The inclination to place undue emphasis on individual traits while disregarding the effect of the context on people's actions when assessing their behavior.

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The difficulty in focusing one's attention on a specific task, leading to decreased productivity and increased errors.

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Goals that are difficult or impossible to achieve due to their overly ambitious nature or the lack of practical consideration for actual circumstances.

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