Question
The existence of excess capacity in monopolistic competition means that there are too many firms. Does this increase in the number of firms increase or
The existence of excess capacity in monopolistic competition means that there are too many firms. Does this increase in the number of firms increase or reduce the price which consumers pay? Why or why not?
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
