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_b 4. When the loss from a business-stealing externality exceeds the gain from a product-variety externality, what do we expect will happen? a. Firms are

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_b 4. When the loss from a business-stealing externality exceeds the gain from a product-variety externality, what do we expect will happen? a. Firms are more likely to operate at efficient scale. b. There are likely to be too many firms in a monopolistically competitive market. c. Market efficiency is likely to be enhanced by the entry of new firms. d. The market structure is likely to be in transition

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