If Firms Enter a Purely Competitive Industry, Then in the Long

question 71

Multiple Choice

If firms enter a purely competitive industry, then in the long run this change will shift the industry

• A)demand curve to the left, and the individual firm's demand curve will shift down.
• B)demand curve to the right, and the individual firm's demand curve will shift up.
• C)supply curve to the right, and the individual firm's demand curve will shift down.
• D)supply curve to the left, and the individual firm's demand curve will shift up.

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Children

Young human beings, usually considered to be from birth to puberty, who are in the process of developing physically, mentally, socially, and emotionally.

Financial Problems

Issues related to managing money, including debts, insufficient income, or inability to meet expenses.

Full-Time

Employment or educational status that typically requires a person's full availability during regular working or schooling hours.

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The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society or social group.