Suppose that Disney was experiencing above normal profits. If Disney is a member of a monopolistically competitive
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Suppose that Disney was experiencing above normal profits. If Disney is a member of a monopolistically competitive industry, what would you predict would happen to the demand curve for Disney movies over time? Suppose that Disney is a member of an oligopoly. How would this change your answer?
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If Disney as a member of a monopolistically competitive industry is experiencing abovenormal profits we would expect the demand curve for Disney movie...View the full answer
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