When entry occurs in a monopolistically competitive industry.

When entry occurs in a monopolistically competitive
industry, Group of answer choices the marginal revenue curves for each firm will shift to the
right. the perceived demand curve for each firm will shift to the
right. the perceived demand and marginal revenue curves for each firm
will shift to the left. the perceived demand and marginal revenue curves for each firm
will shift to the right.

When entry occur in a monopolistically competitive industry the
perceived demand and marginal revenue curves for each firm will
shift to the left.
It is because as new firms entering into the market which
reduces demand for existing firms.
In the monopolistically competitive industry the price of a
product depends on the quantity of product sold so if demand
reduces then marginal revenue curve also shift to the left.
So option C is the correct statement.

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