Figure 16-8 The Lines in the Figures Below Illustrate the Potential Effect

question 170

Multiple Choice

Figure 16-8
The lines in the figures below illustrate the potential effect of entry and exit in a monopolistically competitive market on either the demand curve or the marginal cost curve of existing firms.
-Refer to Figure 16-8. Which of the diagrams illustrates the impact of some existing firms leaving the market?

• A)panel a
• B)panel b
• C)panel c
• D)panel d

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