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The graph below shows how a monopolistic competitor makes decisions in the short run. The firm in the graph is making losses. Use the graph

The graph below shows how a monopolistic competitor makes decisions in the short run. The firm in the graph is making losses. Use the graph to answer questions number 1, 2, and 3.

Is the following statement true or false?

In the long-run, the demand curve faced by the firm will increase if it stays in the market.

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kulms.korea.ac.kr 201R 3XSEI(82) (PRINCIPLES OF ECONOMICS I(English))-. Question Completion Status: The graph below shows how a monopolistic competitor makes decisions in the short run. The making losses. Use the graph to answer questions number 1, 2, and 3. (b) Firm makes losses Price MC ATC ATC Price Losses Demand MR 0 Loss-minimizing Quantity quantity Is the following statement true or false? In the long-run, the demand curve faced by the firm will increase if it stays in the market. True False Click Save and Submit to save and submit. Click Save All Answers to save all answers

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