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Author Question: If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm ... (Read 82 times)

Frost2351

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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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Answer to Question 1

b

Answer to Question 2

True




Frost2351

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


amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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