The entry of new firms into an existing market causes ________.
A) an upward movement along the market supply curve
B) a downward movement along the market supply curve
C) a rightward shift of the market supply curve
D) a leftward shift of the market supply curve
Correct Answer:
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Q223: In a perfectly competitive market,all firms in
Q224: The entry and exit of firms in
Q225: The long-run supply curve for a firm
Q226: In a perfectly competitive market,the price in
Q227: If new firms enter an existing market,_.
A)
Q229: When price is less than the firms'
Q230: The following figure depicts a firm's long-run
Q231: The figure below shows the supply and
Q232: Which of the following is true of
Q233: A firm is interested in entering a
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