Business
Business, 25.12.2019 06:31, mentatmenot

The model of monopolistic competition can characterize the market for plumbing services in a city. suppose that the market is initially in long-run equilibrium, and then there is an increase in demand for plumbing services. we expect that in the short run the

a. and output of plumbing services will remain unchanged.
b. of plumbing services will rise and the output will fall.
c. and output of plumbing services will rise.
d. and output of plumbing services will fall.

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Answers: 2

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