In the Graph Above If Additional Firms Enter the Market

question 56

Multiple Choice

In the graph above if additional firms enter the market we would expect

• A)The DD curve to shift right
• B)Each individual firm to be worse off
• C)The dd curve to become steeper
• D)The MC and ATC curves to shift downward

---

Definitions:

Phonological Loop

A component of working memory model that deals with auditory information, holding and rehearsing speech-based information.

Atkinson and Shiffrin Model

A model of memory proposed by Richard Atkinson and Richard Shiffrin that describes how information flows through three stages: sensory memory, short-term memory, and long-term memory.

Rehearsal Systems

Techniques or processes used to practice or repeat information or skills to enhance memory retention or proficiency.

Maintenance Rehearsal

A cognitive process that involves repeatedly reviewing information to keep it in short-term memory for extended periods.