Nike Is a Firm in Monopolistic Competition

question 160

Multiple Choice

Nike is a firm in monopolistic competition.If Nike is making an economic profit from new cross-training shoe,over time the demand for these shoes

• A) increases as new firms enter the market.
• B) decreases as new firms enter the market.
• C) does not change as new firms enter the market.
• D) decreases as firms exit the market.
• E) increases as firms exit the market.

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