Why is it that the greater the number of firms is in a monopolistically competitive industry, the

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Why is it that the greater the number of firms is in a monopolistically competitive industry, the lower the price is, but the higher the average cost of each firm is for a given level of output?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:25 AM

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Why is it that the greater the number of firms is in a monopolistically competitive industry, the

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In a monopolistically competitive industry there is an inverse relationship between the number o...View the full answer

International Economics

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