A firm in a monopolistic competitive market:
a)can change output levels without having any significant effect on price
b)has a firm specific demand curve that is perfectly elastic
c)takes the market price then tries to inc that price through advertising
d)can inc the number of units that it sells by charging a lower price
1
Expert's answer
2016-03-21T10:26:03-0400
a) can change output levels without having any significant effect on price
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