How does an increase in the number of firms in a market affect the market supply curve?
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Explanation:
A change in number of sellers causes the supply curve to shift. ... Now, consider how a change in the number of sellers shifts the supply curve. More Sellers: If there is an increase in the number of sellers in the market, then the supply of the good increases
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Explanation:
the SMC curve cut the AVC curve at the minimum point of the AVC curve
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