The ________ effect occurs when the market price either decreases or increases by the respective entrance or exit of a rival firm in the market.
A) competitive
B) price
C) output
D) market
E) oligopoly

Question

Quizplus · Accepted Answer

The price effect occurs when the market price either decreases or increases by the respective entrance or exit of a rival firm in the market.

The ________ Effect Occurs When the Market Price Either Decreases