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Increase or decrease in the level of production by a monopolistically competitive firm have ——- impact on price and output decisionsof other firms

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Question:

Increase or decrease in the level of production by a monopolistically competitive firm have ——- impact on price and output decisionsof other firms

A.

Very significant

B.

Significant

C.

Small

D.

Negligible

Answer» d. Negligible

Note: The above multiple-choice question is for all general and Competitive Exams in India.