46. The firms in a perfectly competitive are making an economic profit when new firms enter. the market price The entry shifts the market supply curve firm's economic profit a) leftward; rises; decreases b) rightward; rises; increases c) rightward; falls; decreases d) leftward; falls; decreases and each

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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d) enter, making zeró
the market price
The entry shifts the market supply curve
firm's economic profit
leftward; rises; decreases
and each
a)
b) nghtward; rises, increases
c) nghtward; falls; decreases
d) leftward: falls, decreases
ronomics of scale allow one firm to supply the entire market at the
Transcribed Image Text:d) enter, making zeró the market price The entry shifts the market supply curve firm's economic profit leftward; rises; decreases and each a) b) nghtward; rises, increases c) nghtward; falls; decreases d) leftward: falls, decreases ronomics of scale allow one firm to supply the entire market at the
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