Economy, asked by ricthoi25640457, 15 hours ago

as new firms begin to enter a monopolistically competitive industry

Answers

Answered by xitzwinterbearx

1

Explanation:

Explanation:Monopolistic competition in the short run

Explanation:Monopolistic competition in the short runAs new firms enter the market, demand for the existing firm's products becomes more elastic and the demand curve shifts to the left, driving down price.

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