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When more firms enter an industry:_____. a. the industry supply curve will shift right. b. the amount produced by each of the new firms will be less than the amount produced by each of the original firms.
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When more firms enter an industry:_____.

a. the industry supply curve will shift right.
b. the amount produced by each of the new firms will be less than the amount produced by each of the original firms.
c. the amount produced by each of the new firms will be greater than the amount produced by each of the original firms.
d. the industry supply curve will shift left.

User GateKiller
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6 votes

Answer:

A, the industry supply curve will shift to the right

Step-by-step explanation:

due to the increase in firms, the suppliers will have to produce more product for these firms.

User FPK
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