If Firms in a Perfectly Competitive Market Are Making an Economic

question 3

Multiple Choice

If firms in a perfectly competitive market are making an economic profit,new firms will enter.This entry shifts the market

• A)demand curve leftward, and the market price falls.
• B)demand curve rightward, and the market price rises.
• C)supply curve leftward, and the market price rises.
• D)supply curve rightward, and the market price falls.
• E)none of the above.

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Definitions:

Π Molecular Orbital

A type of molecular orbital formed by the sideways overlap of atomic orbitals, crucial in understanding the bonding in conjugated systems.

Allyl Cation

A positively charged ion with a structure characterized by a carbon atom connected to three other carbon atoms via a sigma bond and two pi bonds, forming a resonance-stabilized intermediate in organic reactions.

Major Organic Product

The foremost substance generated with the highest efficiency in a chemical process involving organic materials.

Nonbonding

Electrons in a molecule that are not involved in bonding but occupy nonbonding molecular orbitals, significantly influencing molecular shape and properties.