The Figure Below Shows the Relationship Between Cost Per Unit

question 204

Essay

The figure below shows the relationship between cost per unit and the number of firms producing a particular good. The downward shift in the curve from A to B is best explained by a(n)
a.
increase in the number of firms in the market.
b.
increase in market size.
c.
decrease in the number of firms in the market.
d.
increase in market price.
e.
decrease in the market size.

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