If existing fast food firms realize sizable economic profits in the short run, the demand curves of existing firms will
A) Decrease and become more price elastic as new firms enter the market.
B) Decrease and become less price elastic as new firms enter the market.
C) Increase and become more price elastic as new firms enter the market.
D) Increase and become less price elastic as new firms enter the market.
Correct Answer:
Verified
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