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Social Studies, 04.04.2021 04:10 de5briz75

Which of the following correctly describes how a​ firm's monopoly power would​ decrease? A. If the production process includes more fixed​ inputs, the​ firm's demand will become more elastic. B. If the market demand curve becomes more​ elastic, the​ firm's demand curve will become more elastic. C. If the cost of production​ increases, the​ firm's demand will become more elastic. D. If the number of firms​ increases, the​ firm's demand will become more inelastic. E. If other firms are reluctant to raise their​ price, the​ firm's demand will become more inelastic.

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