If new firms enter a perfectly competitive industry, the market supply
A) does not change.
B) becomes more price elastic.
C) becomes more price inelastic.
D) increases.
E) decreases because each firm produces less than before the entry.
D
Economics
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The greatest difficulty with cost-benefit analysis of a public project is determining
a. whether government revenue is sufficient to cover the cost of the project. b. which contractor should be awarded the project. c. the cost of the project. d. the value or benefit of the project.
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If variable X rises as a result of variable Y falling, then X and Y have an inverse relationship
Indicate whether the statement is true or false
Economics