The ________ Effect Occurs When the Market Price Either Decreases

question 137

Multiple Choice

The ________ effect occurs when the market price either decreases or increases by the respective entrance or exit of a rival firm in the market.

• A) competitive
• B) price
• C) output
• D) market
• E) oligopoly

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Definitions:

Cerebellum

A region of the brain that plays a significant role in motor control, coordination, and balance.

Playing Basketball

Engaging in a team sport involving two teams of five players each, where the objective is to score points by successfully shooting a ball through the opponent's hoop.

Sleeping

A natural, reversible, periodic and state of rest for the mind and body, in which consciousness is partially or completely lost, and there is a decrease in bodily movement and responsiveness to external stimuli.

Homeostasis

The capacity or inclination of a cell or organism to keep a stable internal balance by modifying its physiological activities.