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6 July, 17:03

What effect will firms enteringentering have on the market price? when firms enterenter ,

a. market supply will increaseincrease , decreasingdecreasing price.

b. market demand will decreasedecrease , decreasingdecreasing price.

c. the average total cost of production will decreasedecrease , decreasingdecreasing price.

d. market supply will increaseincrease , increasingincreasing price.

e. the marginal cost of production will decreasedecrease , decreasingdecreasing price?

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  1. 6 July, 19:56
    0
    Law of supply: increase in price, increase in supply

    law of demand: demand increases, price increase

    So the answer is d.
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