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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    As More Firms Enter a Perfectly Competitive Industry, the Industry
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As More Firms Enter a Perfectly Competitive Industry, the Industry

Question 38

Question 38

Multiple Choice

As more firms enter a perfectly competitive industry, the industry supply curve shifts


A) to the left and price falls
B) to the right and price rises
C) to the right and price falls
D) to the left and price rises
E) in an unpredictable way

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