Multiple Choice
Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.If Clean Sweep manages to increase its sales to $3,000 per week at the current price and the size of the market does not change, the combined weekly sales of the three other firms will
A) Fall by $3,000 per week.
B) Also rise.
C) Not change.
D) Fall by less than $3,000 per week.
Correct Answer:
Verified
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