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

question 88

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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Definitions:

Electroencephalography

A non-invasive test that involves the use of sensors placed on the scalp to measure the electrical activity of the brain.

Diagnostic Procedure

A method or technique used to identify a disease or condition from its signs and symptoms.

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A sleep disorder marked by uncontrollable episodes of falling asleep during the daytime.

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A suffix denoting seizure or attack, used in medical terms related to epilepsy.