Assume Declining Profits in the Market for Internet Service Force

question 76

Multiple Choice

Assume declining profits in the market for Internet service force several firms in the area to drop out of the market.All else constant,this would cause the:

• A)equilibrium price and quantity to decrease.
• B)equilibrium price and quantity to increase.
• C)equilibrium price to increase and equilibrium quantity to decrease.
• D)equilibrium price to decrease and equilibrium quantity to increase.

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