How does an increase in the number of firms in a market affect the market supply curve?
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How does an increase in the number of firms in a market affect the market supply curve?
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The marketplace deliver curve is a horizontal summation of all the supply curves of man or woman companies in the market. If the wide variety of firms in a market will increase, then the marketplace deliver curve will shift rightward as there might be greater variety of firms imparting extra output. boom in variety of producers will reason increase in deliver.
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