Holding all else constant,a decrease in the market demand for a product in a competitive market would cause
A) the average total cost (ATC) curve of the firms to decrease.
B) an increase in the price a firm could charge for the product.
C) the marginal cost (MC) curve of the firms to decrease.
D) the marginal revenue (MR) curve of the firms to shift downward.
E) an increase in profits for a firm.
Correct Answer:
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