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In a monopolistically competitive market, new firms will enter if:
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Wize University Microeconomics Textbook > Monopolistic Competition
Short Run vs Long Run Equilibrium
3 Activities
In a monopolistically competitive market, new firms will enter if:
price is greater than marginal cost.
marginal revenue is greater than average total cost
price is greater than average total cost
marginal revenue is greater than marginal cost.
I don't know
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More Short Run vs Long Run Equilibrium Questions:
Practice Question: Monopolistic Competition
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Use the following info to answer the question
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