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18 February, 13:24

When new entrants into a competitive market have higher costs than existing firms, A. sunk costs become an important determinant of the short-run entry strategy. B. accounting profits will be the primary determinant of entry into the market. C. market price will rise. D. long-run supply is constant.

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  1. 18 February, 13:45
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    C.

    Explanation:

    When new entrants into a competitive market have higher costs than existing firms, market price will rise.
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