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velikii [3]
3 years ago
13

As a result of increased competition​ (higher number of firms n​) in a monopolistically competitive​ industry, A. low minus cost

firms thrive and increase their profits and market shareslow−cost firms thrive and increase their profits and market shares. B. low minus cost firms contract and the lowest minus cost firms exitlow−cost firms contract and the lowest−cost firms exit. C. the vertical intercept of the individual demand curve increasesthe vertical intercept of the individual demand curve increases. D. overall productivity in the industry decreasesoverall productivity in the industry decreases.
Business
1 answer:
erastova [34]3 years ago
5 0

Answer: D, overall productivity in the industry decreases.

Explanation: a producer can gain less market share from a given price cut.

Increased in competition means there are more firms and this will not effect consumers decisions.

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The auditing standards board has concluded that analytical procedures are so important that they are required during the?
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B. Economic classes

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the spread between the interest rates on bonds with default risk and default-free bonds is called the:
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The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.

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When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic
konstantin123 [22]

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