Business, 06.12.2021 05:20, gulleraliyeva1999

Suppose you manage a local grocery store and you learn that a very popular national grocery chain is about to open a store in your town a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). Note, we are assuming you each sell one representative good.

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Suppose you manage a local grocery store and you learn that a very popular national grocery chain is...