The exit of firms from a market,ceteris paribus,
A) Shifts the market supply curve to the right.
B) Reduces the economic losses of remaining firms in the market.
C) Increases the equilibrium output in the market.
Correct Answer:
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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
Q18: If long-run economic losses are being experienced
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
Q24: The behavior expected in a competitive market
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