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Businesses in the Breakfast Cereal Industry ( monopolistically competitive Industry ) are making positive economic profits, then new businesses would a . enter the industry
Businesses in the Breakfast Cereal Industry monopolistically competitive Industry are making positive economic profits, then new businesses would
a enter the industry to absorb excess profits.
b file a complaint with the antitrust commission.
c make demand more inelastic.
d increase the markup to remain competitive.
e reduce their costs to remain competitive.
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