Entry in a perfectly competitive market A. shifts the market supply curve rightward. B. decreases the...
Entry in a perfectly competitive market
A. shifts the market supply curve rightward.
B. decreases the market price.
C. shifts the market supply curve leftward.
D. shifts the market supply curve rightward and decreases the market price.
Homework Answers
Answer
Option
D. shifts the market supply curve rightward and decreases the market price.
===
Entry in a perfectly competitive market increases supply and shifts the supply curve to the right which decreases price and increases quantity in the new equilibrium.
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Entry in a perfectly competitive market
A. shifts the market supply curve rightward.
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