Chat with us, powered by LiveChat Question Hello I purchased the midterm and there questions that are not showing there such as | Writedemy

Question Hello I purchased the midterm and there questions that are not showing there such as

Question Hello I purchased the midterm and there questions that are not showing there such as

Question
Hello I purchased the midterm and there questions that are not showing there such as

A high concentration ratio indicates that (Points : 3)

the industry is highly profitable.
the industry is highly competitive.
many firms produce most of the output in an industry.
few firms produce most of the output in an industry.

If monopolistically competitive firms in an industry are making an economic profit, then new firms will enter the industry and the product demand facing existing firms will (Points : 3)

increase.
become less elastic.
not be affected.
decrease.

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