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meikunn2565 meikunn2565
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Posts: 461
5 years ago
In the long run when a perfectly competitive firm experiences negative economic profits

• firms exit the industry, the market supply curve shifts leftward, and the market price rises.

• firms enter the industry, the market supply curve shifts rightward, and the market price falls.

• firms enter the industry, the market supply curve shifts rightward, and the market price rises.

• firms exit the industry, the market supply curve shifts rightward, and the market price falls.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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sadeensadeen
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5 years ago
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meikunn2565 Author
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5 years ago
Thanks
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