If Entry into a Monopolistically Competitive Industry Occurs Because of Positive

question 50

Multiple Choice

If entry into a monopolistically competitive industry occurs because of positive profits earned by the existing firms,the

• A)industry demand curve will shift to the left.
• B)industry demand curve will shift to the right.
• C)demand curve for each existing firm will shift to the left.
• D)demand curve for each existing firm will shift to the right.
• E)demand curves for the existing firms will remain unchanged.

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Definitions:

Discriminate Colors

The ability to distinguish and differentiate between colors, an important aspect of human visual perception.

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Mirror Neuron

A type of neuron believed to be crucial for understanding others' actions, intentions, and emotions, fostering empathy and social learning.