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Figure 8.7.1 -Refer to Figure 8.7.1 Above. When Market Price Equals $40

Question 118

Multiple Choice

Figure 8.7.1 -Refer to Figure 8.7.1 above. When market price equals $40, we can expect: A) exit of firms and a decrease in market price. B) entry of firms and a decrease in market price. C) exit of firms and an increase in market price. D) entry of firms and an increase in market price. Figure 8.7.1
-Refer to Figure 8.7.1 above. When market price equals $40, we can expect:

A) exit of firms and a decrease in market price.
B) entry of firms and a decrease in market price.
C) exit of firms and an increase in market price.
D) entry of firms and an increase in market price.

Correct Answer: