A fall in demand for the product under monopolistic competition will likely result in:

A. A fall in price

B. A decrease in the number of firms in the long-run

C. A decrease in the output of each firm

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Duopoly is a market where there are:
  2. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  3. In the long-run competitive equilibrium:
  4. For the given production function, technical efficiency is defined as:
  5. Micro economics is concerned with:
  6. For monopolistic competitive firm:
  7. The budget line is described by each of the following except:
  8. The game theory concentrates on:
  9. Cardinal approach includes arranging:
  10. The indirect utility function is a homogeneous function of:
  11. Total variable costs in equation form are:
  12. In monopolistic competition, the firms face:
  13. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  14. The Hicksian demand curve includes:
  15. 7.In an economy based on the price system the decision on what shall be produced is made by:
  16. The equilibrium of a firm is determined by the equality of MC and MR in only:
  17. According to Cobb-Douglas, in production function the marginal product of labor is:
  18. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  19. An economic model describing the working of an economy consists of:
  20. Government planners play a central role in allocating resources:
  21. An economic theory is :
  22. The factors of production in perfect competition are:
  23. Traditionally, the study of determination of price is called:
  24. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  25. The line from the origin to a point on an isoquant shows:
  26. The cost of production is faced by a:
  27. If the commodity is normal then price effect is:
  28. Marginal utility is only meant for:
  29. Capital and Development Planning is the work of:
  30. Under perfect competition, at equilibrium, marginal cost is: