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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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