Assume Declining Profits in the Market for Internet Service Force

question 76

Multiple Choice

Assume declining profits in the market for Internet service force several firms in the area to drop out of the market.All else constant,this would cause the:

• A)equilibrium price and quantity to decrease.
• B)equilibrium price and quantity to increase.
• C)equilibrium price to increase and equilibrium quantity to decrease.
• D)equilibrium price to decrease and equilibrium quantity to increase.

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Definitions:

Policy Decision

A deliberate choice or determination made by those in authority regarding the adoption of certain policies or courses of action.

Tangible Aspects

pertain to the physical and material elements of something that can be observed and measured.

Employment Experience

The accumulation of knowledge, skills, and competencies gained through working in various job roles.

Symbolic Aspects

The elements within a culture, organization, or social system that represent significant meanings or values beyond their literal presence.