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Matt just created a new company. Beast Energy, and has entered the energy drink sector. Given that the energy drink industry operates under monopolistic competition,
Matt just created a new company. Beast Energy, and has entered the energy drink sector. Given that the energy drink industry operates under monopolistic competition, it is highly probable that a the marginal revenue of existing firms will rise. b the output of existing firms will rise. c profits of existing firms will fall. d market demand will rise. e the output of existing firms will rise.
Matt just created a new company. Beast Energy, and has entered the energy drink sector. Given that the energy drink industry operates under monopolistic competition, it is highly probable that
a the marginal revenue of existing firms will rise.
b the output of existing firms will rise.
c profits of existing firms will fall.
d market demand will rise.
e the output of existing firms will rise.
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