Entry of firms in a monopolistically competitive industry, Business Economics

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Entry of firms in a monopolistically competitive industry

Entry of firms in a monopolistically competitive industry is characterized by two "external" effects. What are these effects and how do they affect a monopolistically competitive firm. How are consumers and incumbent firms influenced by these externalities?

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Business Economics: Entry of firms in a monopolistically competitive industry

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Business Economics: Entry of firms in a monopolistically competitive industry

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