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Entry by new firms into a perfectly competitive industry Question 90 options: has no effect on existing firms. results in higher output by existing firms
Entry by new firms into a perfectly competitive industry Question 90 options: has no effect on existing firms. results in higher output by existing firms in equilibrium. results in lower output by existing firms in equilibrium. results in no change in the market price or output
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
