If the Fringe Supply Curve Shifts Leftward in the Dominant

question 23

Multiple Choice

If the fringe supply curve shifts leftward in the dominant firm model, then the resulting market equilibrium price is ________ and the dominant firm's quantity ________.

• A) lower; decreases
• B) lower; increases
• C) higher; decreases
• D) higher; increases

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Definitions:

Staff Meeting

A regular gathering of employees led by a team leader or manager to discuss updates, issues, and strategies related to work.

Agree

To have the same opinion or view about a particular subject.

Boss's Strategy

Techniques or methods a leader or supervisor employs to guide, manage, and motivate employees towards achieving organizational goals.

Toxic Leaders

Individuals in leadership positions who engage in destructive behaviors, negatively affecting the well-being of their subordinates and the organization's culture.