Under the model of monopolistic competition, a(an) ________ in the num
Under the model of monopolistic competition, a(an) ________ in the number of firms in the industry will cause ________ to ________.
A) increase; average price; decrease
B) increase; average price; increase
C) increase; average cost; decrease
D) decrease; markup; decrease
E) increase; marginal cost; decrease
ANSWER
A
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