Question
In monopolistic competition if there is profit, there is:
Question 31 options:
A) a signal for new firms to enter.
B) a motive for existing firms to increase prices.
C) a motive for existing firms to decrease prices.
D) product differentiation.
Question 31 options:
A) a signal for new firms to enter.
B) a motive for existing firms to increase prices.
C) a motive for existing firms to decrease prices.
D) product differentiation.
Answers
GPT 3.5
A) a signal for new firms to enter.