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Social Studies, 07.04.2020 15:28 ikgopoleng8815

If firms in a monopolistically competitive market are earning economic profits, which of thefollowing scenarios best reflects the change a representative firm experiences as the market adjuststo its long-run equilibrium?

A) Demand increases and becomes less elastic.
B) Demand decreases and becomes more elastic.
C) Demand increases and becomes more elastic.
D) Demand decreases and becomes less elastic.

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