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If a firm in a monopolistic competition raises its prices If a firm in monopolistic competition raises its prices O no customers will switch to

If a firm in a monopolistic competition raises its prices

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If a firm in monopolistic competition raises its prices O no customers will switch to a relatively cheaper differentiated good some customers will switch to a relatively cheaper differentiated good, but not all customers. O all customers will switch to a relatively cheaper differentiated good. some customers will switch to a good sold by a monopoly

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