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18-08-2017
Business

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When new firms have an incentive to enter a competitive market, their entry will?

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Erudite1 Erudite1

25-08-2017

When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.

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