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Business, 05.02.2020 21:45 61497

If a monopolistic competitive firm raises its price, then group of answer choices it will be able to increase its profits. it can sell all it wants because it faces a horizontal demand curve. it should expect to lose all of its customers because there are many other sellers of the product. this is a trick question because the firm does not have the ability to change its price. it should expect to lose some, but not all, of its customers.

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