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Author Question: When a second firm enters a market, the original firm's profits decline because: (Read 149 times)

jessicacav

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on: Jul 20, 2019
When a second firm enters a market, the original firm's profits decline because:
◦ the original firm's ATC increases.
◦ the original firm's price decreases.
◦ the original firm's quantity decreases.
◦ All of the above are correct.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by jessicacav on Jul 20, 2019

LegendaryAnswers

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jessicacav

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Reply 2 on: Jul 20, 2019
Great answer, keep it coming :)

hollysheppard095

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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