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A Decrease in the Number of Firms in a Market

question 97

True/False

A decrease in the number of firms in a market will cause supply to increase.


Definitions:

Stimulated

The state of being aroused, activated, or energized by external or internal factors.

Motivated

Having a driving desire or willingness to take action towards a goal or objective.

Communication Codes

Systems of signs, symbols, gestures, or language used to convey messages within a particular group or context.

Conveying Meaning

The process of transmitting information, ideas, or feelings so that they are successfully understood by others.

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