The entry of new firms into a competitive market will
a. increase market supply and increase market price.
b. increase market supply and decrease market price.
c. decrease market supply and increase market price.
d. decrease market supply and decrease market price.
b
Economics
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Refer to the scenario above. Plutoland's financial account reported a balance of ________ for the year
A) -$4 billion B) $14 billion C) -$10 billion D) $10 billion
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Toward the end of 2008, the U.S. economy was characterized by all of the following except
A) credit tightening by banks. B) rising inflation. C) falling real GDP. D) an unprecedented federal funds rate below 1%.
Economics