When firms enter a market,the ________-run market supply curve shifts ________,causing individual firms' profits to ________.

Question

Quizplus · Accepted Answer

When firms enter a market, the short-run market supply curve shifts right, indicating an increase in the quantity supplied at each price. This results in a decrease in individual firms' profits due to increased competition, lower prices, and a decrease in demand. Therefore, the correct choice is D, short; right; decrease.

When Firms Enter a Market,the ________-Run Market Supply Curve Shifts