When a Firm Exits a Monopolistically Competitive Market, the Individual

question 582

Multiple Choice

When a firm exits a monopolistically competitive market, the individual demand curves faced by all remaining firms in that market will

• A)shift in a direction that is unpredictable without further information.
• B)shift to the right.
• C)shift to the left.
• D)remain unchanged. It is the supply curve that will shift.

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