
When firms have an incentive to exit a competitive market,which effect will their exit have
A) It will lower market price.
B) It will necessarily raise the costs of firms that remain in the market.
C) It will raise profits for firms that remain in the market.
D) It will shift the market supply curve to the right.
Correct Answer:
Verified
Q131: Scenario 14-2
As part of an estate settlement,
Q132: Scenario 14-2
As part of an estate settlement,
Q133: Which statement best explains the relationship between
Q134: In a perfectly competitive market,when will the
Q135: Figure 14-7
In the figure, panel (a) depicts
Q137: Table 14-5
A firm in a competitive market
Q138: When will a firm exit a market
A)if
Q139: Table 14-4
A firm in a competitive market
Q140: When existing firms in a competitive market
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