Graphically,what Will Be the Effect of Entry by New Firms

question 130

Multiple Choice

Graphically,what will be the effect of entry by new firms into a monopolistically-competitive industry?

• A)It will shift each firm's demand curve to the right.
• B)It will shift each existing firm's demand curve to the left.
• C)It will shift the market's supply curve to the left.
• D)It will shift the market's demand curve to the right.

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Definitions:

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The discrepancy in opportunities, status, attitudes, and pay between men and women.

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A self-governing and independent political entity.

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Pattern whereby groups maintain their distinctive culture and history.