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Nike Is a Firm in Monopolistic Competition

Question 160

Multiple Choice

Nike is a firm in monopolistic competition.If Nike is making an economic profit from new cross-training shoe,over time the demand for these shoes


A) increases as new firms enter the market.
B) decreases as new firms enter the market.
C) does not change as new firms enter the market.
D) decreases as firms exit the market.
E) increases as firms exit the market.

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