In the Model of Monopolistic Competition, an Increase in Industry

question 8

Multiple Choice

In the model of monopolistic competition, an increase in industry output will ________ producers of higher-priced goods and ________ producers of lower-priced goods.

• A) harm; benefit
• B) benefit; benefit
• C) benefit; harm
• D) benefit; have no effect on
• E) harm; harm

---

Definitions:

Tactical Way

A method or strategy planned to achieve a particular goal, usually short-term.

Successful Group

A team or collective of individuals that achieves its objectives or goals through effective collaboration, communication, and leadership.

Subgroup

A smaller group within a larger group, characterized by shared interests or traits.

Reduce Conflicts

Strategies or actions taken to minimize disagreements, disputes, or fighting among individuals or groups.