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12) Refer to Figure 14.2.3. Assume this firm faces demand curve D1. If this firm in monopolistic competition is maximizing profit, A) there will be

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12) Refer to Figure 14.2.3. Assume this firm faces demand curve D1. If this firm in monopolistic competition is maximizing profit, A) there will be entry of rival firms into the industry. B) rival firms will exit the industry. C) the market is efficient. D) this firm will exit the industry in the long run. E) its profit will rise over time

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