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Suppose That the Cost Curves of the Firms Do Not

Question 96

Multiple Choice

Suppose that the cost curves of the firms do not change when (identical) firms enter or exit the market. Under this scenario, a change in demand will _____ in a change in the market quantity because the number of firms will _____.


A) not result; not change
B) result; not change
C) not result; change
D) result; change

Correct Answer:

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