If Firms in a Perfectly Competitive Market Are Realizing Economic

Multiple Choice

If firms in a perfectly competitive market are realizing economic losses in the short run,________.

A) entry will occur, the market supply curve will shift out, and the market price will rise
B) entry will occur, the market supply curve will shift out, and the market price will fall
C) exit will occur, the market supply will shift in, and the market price will rise
D) exit will occur, the market supply will shift in, and the market price will fall