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Question 31 {1.25 points) A regulator requires firms in monopolistically competitive markets to set price equal to marginal cost. Which of the following will occur?

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Question 31 {1.25 points) A regulator requires firms in monopolistically competitive markets to set price equal to marginal cost. Which of the following will occur? 0 without a subsidy, firms will exit the market 0 the most efficient firms would not be affected 0 new firms entering the market would operate at the minimum point on their average total cost curves 0 firms would respond by lowering their costs

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