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Answer to Question #58589 in Economics for rose
Question #58589
A firm in a monopolistic competitive market:
a)can change output levels without having any significant effect on price
b)has a firm specific demand curve that is perfectly elastic
c)takes the market price then tries to inc that price through advertising
d)can inc the number of units that it sells by charging a lower price
a)can change output levels without having any significant effect on price
b)has a firm specific demand curve that is perfectly elastic
c)takes the market price then tries to inc that price through advertising
d)can inc the number of units that it sells by charging a lower price
Expert's answer
a) can change output levels without having any significant effect on price
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