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3. Suppose lirms operating in the monopolistically,r competitive snack food market adopt a new food processing technology that decreases average total cost at the firms

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3. Suppose lirms operating in the monopolistically,r competitive snack food market adopt a new food processing technology that decreases average total cost at the firms ,while marginal cost remains unchanged a. How will the number of firms operating in the market be impacted '3 Why ? Number of firms increase because ATC decreases and profit is made in the short run. 50, more firms want to enter

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