If firms in a perfectly competitive market are incurring an economic loss,some firms will exit.This exit shifts the market
A) demand curve leftward, and the market price falls.
B) demand curve rightward, and the market price rises.
C) supply curve leftward, and the market price rises.
D) supply curve rightward, and the market price falls.
E) none of the above.
Correct Answer:
Verified
Q96: If firms in a perfectly competitive market
Q97: Technological change spreads through a perfectly competitive
Q98: External economies are factors beyond the control
Q99: Use the figure below to answer the
Q100: Use the figure below to answer the
Q101: Choose the correct statement.
A)Resources are used efficiently
Q101: All of the following statements are true
Q102: Which one of the following is not
Q103: If a market experiences external diseconomies,the long-run
Q107: An efficient allocation is achieved when
A)consumers are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents