As a result of firms leaving the perfectly competitive frozen yoghurt market in the early 2000s, the market
A) demand curve shifted leftward.
B) supply curve shifted rightward.
C) supply curve did not change.
D) demand curve shifted rightward.
E) supply curve shifted leftward.
Correct Answer:
Verified
Q95: In the long run, perfectly competitive firms
Q96: Q97: In the long run, new firms enter Q98: If the technology associated with producing fibre-optic Q99: In the long run, existing firms exit Q100: When a firm adopts new technology, generally Q101: If firms in a perfectly competitive market Q102: Perfect competition _ a fair outcome _. Q103: In the long run, a firm in Q104: Technological change brings a _ to firms
A)
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