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Figure 14.2.4 14.2.4 Please refer to Figure 14.2.4. The figure represents a monopolistically competitive firm in short-run equilibrium on D1. In the long run, Question
Figure 14.2.4 14.2.4 Please refer to Figure 14.2.4. The figure represents a monopolistically competitive firm in short-run equilibrium on D1. In the long run, Question 80 options: A) new firms enter, and each existing firm's demand curve shifts leftward. B) existing firms exit, and each remaining firm's demand curve shifts leftward. C) existing firms exit, and each remaining firm's demand curve shifts rightward. D) the equilibrium is the same as in the short run. E) new firms enter, and each existing firm's demand curve shifts rightward
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