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nguyenduong67 nguyenduong67
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2 years ago
When a second firm enters a monopolist's market,
A) the market price rises as the average cost increases.
B) the former monopolist's average cost increases as its output level decreases.
C) the demand curve facing the former monopolist shifts to the right.
D) none of the above
Textbook 

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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2 years ago
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