Figure 8.7.1 -Refer to Figure 8.7.1 Above. When Market Price Equals $40

question 27

Multiple Choice

Figure 8.7.1
-Refer to Figure 8.7.1 above. When market price equals $40, we can expect:

• A) exit of firms and a decrease in market price.
• B) entry of firms and a decrease in market price.
• C) exit of firms and an increase in market price.
• D) entry of firms and an increase in market price.

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