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When Firms Have an Incentive to Exit a Competitive Market,which

Question 136

Multiple Choice
When firms have an incentive to exit a competitive market,which effect will their exit have

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.

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