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Suppose that new firm entry in our model stopped completely at the end of Phase I. Then, as compared with the standard model where entry

Suppose that new firm entry in our model stopped completely at the end of Phase I. Then, as compared with the standard model where entry continues through II as well, the peak of the stock market would come ______ and the overshoot of the stock market would be______.

later or sooner? Greater or less?

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