The entry of new firms into a competitive market will
a. increase market supply and increase market prices.
b. increase market supply and decrease market prices.
c. decrease market supply and increase market prices.
d. decrease market supply and decrease market prices.
B
Economics
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Financing accounts receivable and inventory is known as
A) capital financing. B) working capital financing. C) long-term financing. D) equity financing.
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To assess whether or not a good is normal or inferior, economists are interested in the cross price elasticity of demand
a. True b. False Indicate whether the statement is true or false
Economics