samanthag75511 samanthag75511

16-02-2024
Business

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Consider a market with inverse demand given by P(Q) = 120 − Q. Suppose that there is only one potential supplier who is choosing whether to enter the market. If the firm choose the produce, it will:
A. Increase the market price.
B. Decrease the market price.
C. Have no effect on the market price.
D. Increase market demand.

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