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Economics answer enough?

Take Your Pants Off · 2016-11-13 14:41:46

The qs is: With the aid of labelled diagrams, explain the impact which the entry of new firms would had on the market. Obviously ill put in the diagram but would this explanation be enough for full marks: Market supply curve shifts out toe the right The market price falls Individual firms d/c falls/its price falls Firms…

13-11-2016 2:41pm

#1

Take Your Pants Off

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The qs is: With the aid of labelled diagrams, explain the impact which the entry of new firms would had on the market.

Obviously ill put in the diagram but would this explanation be enough for full marks:
Market supply curve shifts out toe the right
The market price falls
Individual firms d/c falls/its price falls
Firms will now produce a smaller qty
Amount of snps earned will fall/elimintated.

Because i heard last year from another forumn, they dont accept this and want a broader and more detailed answer to these market qs.

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