TANKPETERS6365 TANKPETERS6365
  • 25-01-2024
  • Business
contestada

A new firm, Natural Springs, just entered the bottled water industry. The bottled water industry is monopolistically competitive, thus it can be expected that
a. profits of existing firms will fall.
b. the market price will rise.
c. the profits of existing firms will rise.
the output of existing firms will rise

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