In the model of monopolistic competition, if firms have ________ avera
In the model of monopolistic competition, if firms have ________ average cost curves, then opening trade will ________ the total number of firms and ________ the average price.
A) downward sloping; decrease; decrease
B) downward sloping; decrease; increase
C) downward sloping; increase; decrease
D) upward sloping; decrease; increase
E) upward sloping; increase; decrease
ANSWER
A
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