Exhibit 8.10 -Refer to Exhibit 8.10,which Shows a Competitive Firm on the Competitive

Exhibit 8.10

-Refer to Exhibit 8.10,which shows a competitive firm on the left panel and a competitive market on the right panel.The movement along curve S from point E to E' in the right panel represents _____

A) an increase in the number of firms in the industry.
B) an increase in output supplied by each firm in the industry.
C) both an increase in the number of firms in the industry and an increase in each firm's output.
D) an increase in the cost of production for the firms in the market.
E) an increase in total revenue of the representative firm from $8 to $12.