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Business, 09.12.2019 19:31 cschellfamily

What effect does the entry of new firms have on the demand curve of an existing firm in a monopolistically competitive market? the entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to a. shift to the right and become less elastic. b. shift to the right and become more elastic. c. shift to the left and become more elastic. d. shift to the left and become less elastic.

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