Multiple Choice
Suppose that the cost curves of the firms do not change when (identical) firms enter or exit the market. Under this scenario, a change in demand will _____ in a change in the market quantity because the number of firms will _____.
A) not result; not change
B) result; not change
C) not result; change
D) result; change
Correct Answer:
Verified
Correct Answer:
Verified
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