-Refer to the Above Figure

question 9

Multiple Choice

-Refer to the above figure. As more and more firms are able to and actually do enter the industry, the demand curve of each firm and its marginal revenue curve

• A) will shift inward until the demand curve is tangent to the average total cost curve.
• B) will become vertical.
• C) will become upward sloping.
• D) None of the above will occur.

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