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When a new firm exits a monopolistically competitive market, the individual demand curves faced by all existing firms in the market will Multiple Choice: A.
When a new firm exits a monopolistically competitive market, the individual demand curves faced by all existing firms in the market will
Multiple Choice:
A. shift to the right
B. remain unchanged. It is the supply curve that will shift.
C. shift in a direction that is unpredictable without further information
D. shift to the left
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