Solved

If an Industry Experiences an Increase in the Number of Firms,then

Question 91

Multiple Choice

If an industry experiences an increase in the number of firms,then


A) the original firms will produce more.
B) the new firms will produce more than the original firms.
C) the industry supply curve will shift left.
D) the new firms will produce the same amount as the original firms.
E) the industry supply curve will shift right.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions