When firms in a market expect the price of their products to rise, the supply curve of their goods , causing the equilibrium price to decreases; rise decreases; fall increases; fall increases; rise increases; rise and the equilibrium quantity to fall

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A: Game theory was discovered by von Neumann and Morgenstern in which two or more players play a game.…

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A: Externalities: Unintended side effects of economic activities affecting third parties, either…

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A: Market Supply: The total quantity of a good or service that all producers in a market are willing…

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A: Marginal cost is the addition to the total cost of producing an additional unit of output.