Other things equal, if more firms enter a monopolistically competitive industry:
a. the demand curves facing existing firms would shift to the left.
b. the demand curves facing existing firms would become less elastic.
c. the demand curves facing existing firms would shift to the right.
d. losses would necessarily occur.
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Home » Business » Other things equal, if more firms enter a monopolistically competitive industry: a. the demand curves facing existing firms would shift to the left. b. the demand curves facing existing firms would become less elastic. c.