If marginal cost increases, then the market supply curve shifts to the left.

Name: If marginal cost increases, then the market supply curve shifts to the left.
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Question

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If the marginal cost increases, it becomes less profitable for firms to produce goods at the same level of output. As a result, some firms may choose to reduce their output, leading to a decrease in market supply. This causes a leftward shift in the market supply curve.

If Marginal Cost Increases, Then the Market Supply Curve Shifts