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With No Barriers to Entry or Exit and When Firms

question 89

Multiple Choice

With no barriers to entry or exit and when firms in a market are operating at a loss,we can expect other firms to exit,causing the ________ curve to shift to the ________ and making the equilibrium price ________ and the equilibrium quantity ________.


Definitions:

Action Potential

A brief change in electrical voltage that occurs between the inside and the outside of an axon when a neuron is stimulated; it serves to produce an electrical impulse.

Synaptic Cleft

The gap between two neurons where neurotransmitters are released to transmit signals.

Neurotransmitters

Chemical messengers in the nervous system that transmit signals across synapses from one neuron to another.

Acetylcholine

A neurotransmitter in the nervous system involved in muscle activation and memory formation.

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