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nguyenduong67 nguyenduong67
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6 years ago
When a second firm enters a market, the original firm's profits decline because
A) the original firm's ATC increases.
B) the original firm's price decreases.
C) the original firm's quantity decreases.
D) All of the above are correct.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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Helped a lot
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You make an excellent tutor!
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