Suppose that the corn market is purely competitive. If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the firm's
A)demand will increase.
B)demand will decrease.
C)supply will increase.
D)supply will decrease.

Question

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The Answer of Suppose that the corn market is purely competitive. If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the firm's
A)demand will increase.
B)demand will decrease.
C)supply will increase.
D)supply will decrease.

Suppose That the Corn Market Is Purely Competitive