If a Competing Firm Is Able to Overcome an Entry

question 1

Multiple Choice

If a competing firm is able to overcome an entry barrier of a monopolized industry,the demand curve of the single firm already in the industry will

• A)shift to the right.
• B)remain the same in spite of the entry of the other firm.
• C)shift to the left.
• D)become less elastic.
• E)shift to the left and become more elastic.

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