Question
22.When a new business enters an industry,A) the market-clearing price falls. B) other businesses in the industry exit. C) economic losses decrease. D) the market-clearing
22.When a new business enters an industry,A) the market-clearing price falls.
B) other businesses in the industry exit.
C) economic losses decrease.
D) the market-clearing price rises.
E) economic profits increase.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
