The Process of Entry and Exit into a Monopolistically Competitive

question 112

Multiple Choice

The process of entry and exit into a monopolistically competitive market causes a firm's:

• A)demand curve to shift to the left or to the right.
• B)supply curve to shift to the left or to the right.
• C)average total cost curve to shift to the left or to the right.
• D)marginal cost curve to shift straight up or down.

---

Definitions:

Wills

A legal document by which a person expresses their wishes as to how their property is to be distributed at death and names one or more persons to manage the estate until its final distribution.

Express

Clearly and unmistakably communicated, directly stated, or specified.

Settlor

An individual or entity that creates a trust by legally transferring assets to a trustee for the benefit of beneficiaries.

Trust Created

The establishment of a fiduciary relationship where a trustee holds and manages assets on behalf of a beneficiary.