monopolistic competition

Which of the following statements concerning a monopolistically competitive industry is correct?
A) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms
will shift to the right.
B) If there are short-run economic profits, firms will enter the industry and the demand curves of existing
firms will shift to the right.
C) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms
will shift to the left.
D) If there are short-run economic profits, firms will leave the industry and the demand curves of the
remaining firms will shift to the right.aAn importa

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