If Firms in a Perfectly Competitive Market Are Making an Economic

question 61

Multiple Choice

If firms in a perfectly competitive market are making an economic profit,new firms will enter.This entry shifts the market

• A)demand curve leftward,and the market price falls.
• B)demand curve rightward,and the market price rises.
• C)supply curve leftward,and the market price rises.
• D)supply curve rightward,and the market price falls.
• E)supply curve rightward and the market demand curve leftward.

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Definitions:

Concept of Teams

The idea that individuals working collaboratively towards a common goal achieve better results than working in isolation.

Norms and Conformity

Relate to the implicit rules governing expected behavior within a group and the extent to which individuals adjust their behavior to align with group standards.

Team Dynamics

The behavioral relationships and processes that influence the effectiveness and productivity of a team.

Organizational Rules

Guidelines and procedures established within an organization to regulate behavior and processes, ensuring smooth operations and consistency.