What long-run effect will a decrease in market demand have on a decreasing-cost industry?
A) The price will increase,and the number of firms in the industry will increase.
B) The price will increase,and the number of firms in the industry will decrease.
C) The price will decrease,and the number of firms in the industry will increase.
D) The price will decrease,and the number of firms in the industry will decrease.
Correct Answer:
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