57.When existing firms lose customers and profits due to entry of a new competitor, a Select one: O a. a.predatory-pricing externality occurs. O b. b.consumption externality occurs. c....

Extracted text: 57.When existing firms lose customers and profits due to entry of a new competitor, a Select one: O a. a.predatory-pricing externality occurs. O b. b.consumption externality occurs. c. c.business-stealing externality occurs. Od. d.product-variety externality occurs. correct The correct answer is: c.business-stealing externality occurs.