If New Firms Enter the Computer Manufacturing Industry, Then, Holding

question 143

Multiple Choice

If new firms enter the computer manufacturing industry, then, holding all other things constant,

• A)each "old" manufacturer must sell fewer computers than before.
• B)some "old" manufacturers must exit the industry.
• C)the equilibrium price of computers will rise.
• D)the equilibrium quantity demanded of computers will rise.

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Definitions:

Erosion Pattern

The distinctive way in which natural forces remove soil, rock, or dissolved material from one location on the Earth's surface and then transport it to another, shaping the landscape.

Potholes

Circular holes in the bedrock of a riverbed or a roadway, formed by the abrasion of small stones and sediment whirled around by water.

Swirl

The movement of a fluid in a twisted or spiraling pattern, often occurring in natural systems like air currents and water bodies or in engineered applications.

Sediments

Particles of rock, minerals, or organic matter that have been transported and deposited by wind, water, or ice.