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givi [52]
3 years ago
14

The entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to shift to the left

because? _______ and become more elastic since? ______.
Business
1 answer:
Ugo [173]3 years ago
5 0
My Answer: The entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to shift to the left because each will have a smaller share of the existing market and become more elastic since <span>consumers will have additional choices.

Hope I helped! :D</span>
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