If monopolistically competitive firms are making zero economic profit, then these firms would: leave the industry. charge higher prices. make demand more inelastic. remain in the industry. begin to collude illegally.
If monopolistically competitive firms are making zero economic profit, then these firms would: leave the industry. charge higher prices. make demand more inelastic. remain in the industry. begin to collude illegally.
Chapter9: Monopolistic Competition And Oligoply
Section: Chapter Questions
Problem 3SQ
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Question
If
leave the industry.
charge higher prices.
make demand more inelastic.
remain in the industry.
begin to collude illegally.
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