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The market formobile phones contains only a few major producers. If moremobile phoneproducers enter the market, what will happen?
Choose one or more:
A.The market will become more competitive and the price will rise.
B.Individual sellers will have more control over the market.
C.The market will become more competitive and the price will fall.
D.There will be a greater quantity of mobile phones available in the market.
I am thinking it is
C- As competition increase, prices fall.
D- Increase supplier increase the quality of mobile phones
Is this the right line of thinking?