Multiple Choice
Carlos owns one of the 30 lawn mowing businesses in his city. What will happen to his business if there are new entrants into his city's lawn mowing market?
A) Carlos's marginal cost will fall.
B) Carlos's marginal cost will rise.
C) The demand for Carlos's services will rise.
D) The demand for Carlos's services will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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