Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
A)The firm could exit the industry in the long run.
B)If the firm does not exit the industry in the long run, its demand curve will shift to the left.
C)If the firm does not exit the industry in the long run, its demand curve will shift to the right.
D)If the firm remains in the industry in the long run, it will break even.

Question

Quizplus · Accepted Answer

The Answer of Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
A)The firm could exit the industry in the long run.
B)If the firm does not exit the industry in the long run, its demand curve will shift to the left.
C)If the firm does not exit the industry in the long run, its demand curve will shift to the right.
D)If the firm remains in the industry in the long run, it will break even.

Which of the Following Would Not Occur as a Result