Multiple Choice
Why is the market supply curve positively sloped?
A) At a higher price, more firms enter the market willing to sell the product or service.
B) At a higher price, fewer firms enter the market willing to sell the product or service.
C) At a higher price, the firms already in the market and are willing to sell a larger quantity of the product or service.
D) Both A and C are correct.
Correct Answer:
Verified
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