[Solved] Suppose that the incumbent and the entrant in the long-distance phone call market compete in prices (rates). Then, _.

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Q.	Suppose that the incumbent and the entrant in the long-distance phone call market compete in prices (rates). Then, _.
A.	under the ECPR, only entrants with unit cost μE > μI will enter the long- distance phone-call industry.
B.	under the ECPR, only entrants with unit cost μE < μI will enter the long-distance phone-call industry.
C.	under the ECPR, only entrants with unit cost μE ≤ μI will enter the long-distance phone-call industry.
D.	under the ECPR, only entrants with unit cost μE = μI will enter the long- distance phone-call industry.
Answer» C. under the ECPR, only entrants with unit cost μE ≤ μI will enter the long-distance phone-call industry.

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