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Author Question: If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm ... (Read 39 times)

Frost2351

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on: Jun 30, 2018
If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm will:
 a. shift up.
 b. shift down.
  c. shift right.
 d. shift left.

Question 2

At each point on the line of income equality, the percentage of total population and the percentage of total income are equal.
 a. True
  b. False
  Indicate whether the statement is true or false


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nickk12214

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


Frost2351

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Excellent

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