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When New Competitors Enter an Industry,competition ______,And Prices ______ and Profits

Question 25

Multiple Choice

When new competitors enter an industry,competition ______,and prices ______ and profits ______.


A) Increases;decrease;decrease
B) Increases;increase;increase
C) Decreases;decrease;decrease
D) Decreases;increase;increase
E) Decreases;increase;decrease

Correct Answer:

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