Other things being equal,as more firms enter a market,the market supply curve

Name: Other things being equal,as more firms enter a market,the market supply curve
Brand: Quizplus
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Question

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As more firms enter a market, the total supply of the product increases, causing the market supply curve to shift to the right. This is because there are more suppliers offering the product at various prices, resulting in a greater quantity of the product being supplied at any given price level.

Other Things Being Equal,as More Firms Enter a Market,the Market