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Laurent Laurent
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6 years ago
If businesses enter a perfectly competitive industry, the
A) market supply curve shifts leftward.
B) price of the product falls.
C) economic profits of remaining businesses increase.
D) total market output decreases.
E) economic profits of remaining businesses stay the same.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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Laurent Author
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#2
6 years ago
Thank you!
Thank you!!
Thank you!!!
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