If long-run economic losses are being experienced in a competitive market,
A) More firms will enter the market.
B) The market supply curve will shift to the right.
C) Equilibrium price will rise as firms exit.
Correct Answer:
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Q13: If economic profits are earned in a
Q14: In a competitive market where firms are
Q15: In making an investment decision,an entrepreneur
A)Makes a
Q16: Which of the following is a determinant
Q17: Other things being equal,as more firms enter
Q19: The exit of firms from a market,ceteris
Q20: To determine the market supply,the quantities
A)Demanded at
Q21: If a firm decides to make the
Q22: Profit per unit is equal to
A)Price divided
Q23: In a competitive market,
A)Buyers don't have market
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