Multiple Choice
If firms in a perfectly competitive market are incurring economic losses,then as time passes firms ________ and the market ________.
A) enter; demand curve shifts leftward
B) enter; supply curve shifts rightward
C) exit; demand curve shifts leftward
D) exit; supply curve shifts rightward
E) exit; supply curve shifts leftward
Correct Answer:
Verified
Correct Answer:
Verified
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