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A monopolistically competitive firm's demand for its product is equal to Q = 160 - P, and its MC curve is equal to MC = 20 + 2Q. Its TC curve is as follows: TC = 20Q + Q2 + 20.A. Its demand curve will become more elastic as it dominates the market more. B. Its losses will fall and eventually become a positive economic profitC. Its economic profits will decrease to zero D. Other firms will not enter or exit the industry
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