asked 190k views
1 vote
Some firms will​ ______ the​ market, and the market supply curve will shift​ ______.

A. ​exit; rightward
B. ​enter; leftward
C. ​exit; leftward
D. ​enter; rightward

asked
User Pwhitt
by
8.0k points

1 Answer

1 vote

Answer: (D) enter; rightward

Explanation: As new firms enter the market, there is a shift in the supply curve to the right, decrease in market prices and decrease in economic profit.

answered
User Jigish
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories