When new firms have an incentive to enter a competitive market, their entry will?

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asked Aug 22, 2018 74.2k views

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James Cameron · Answer 1 · 2018-08-26T22:20:01+0000

When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.

When new firms have an incentive to enter a competitive market, their entry will?

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