As additional firms enter an industry, the market supply curve

Name: As additional firms enter an industry, the market supply curve
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Question

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As additional firms enter an industry, the supply of goods and services in the market increases, resulting in a rightward shift in the market supply curve. This is because increased competition among firms leads to an increase in production, which in turn increases the quantity of goods and services that are available in the market.

As Additional Firms Enter an Industry, the Market Supply Curve