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:

Healthcare

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of illness, injury, and other physical and mental impairments in people.

United States

A country consisting of 50 states, a federal district, and various territories, located primarily between Canada and Mexico.

American Academy

A professional society or organization dedicated to the advancement of science, arts, literature, or professional practice.

Pediatrics

The branch of medicine that involves the medical care of infants, children, and adolescents.