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Each question is worth 2 points for a total of 20 points. 1. State 3 non-price competitive methods that a firm will use to make

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Each question is worth 2 points for a total of 20 points. 1. State 3 non-price competitive methods that a firm will use to make the demand curve more inelastic. 1. 2. 2. Assuming the market structure to be monopolistically competitive state in each of the following is there will be exit, entry or no change in the market. 1. P > ATC 2. P = ATC 3. P

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