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In a monopolistically competitive market, which of the following represents a long-run adjustment? Multiple choice question. Marginal costs increase due to changes in production costs.
In a monopolistically competitive market, which of the following represents a long-run adjustment? Multiple choice question. Marginal costs increase due to changes in production costs. Marginal revenue changes as a result of demand changing. Firms enter the market due to economic profits. Demand increases due to a change in consumer tastes and preferences
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