The Exit of Firms from a Monopolistically Competitive Market Structure

question 178

Multiple Choice

The exit of firms from a monopolistically competitive market structure causes the demand curves facing the existing sellers to shift ________ and to become ________.

• A) leftward; flatter
• B) rightward; flatter
• C) leftward; steeper
• D) rightward; steeper

---

Definitions:

Ghrelin

A hormone produced in the stomach that stimulates appetite, promoting the feeling of hunger before meals.

Leptin

A hormone produced by fat cells that helps to regulate body weight by inhibiting hunger and therefore reducing food intake.

Glucose

A simple sugar and a key source of energy for cells in the body, also the main sugar found in the bloodstream and used for metabolic processes.

Achievement Motivation

The drive to pursue and attain goals, an intrinsic motivation to achieve excellence and accomplish tasks with significance.