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Gideon123 Gideon123
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Question 1.

As long as existing firms ________ in an industry, new firms will enter the industry, causing the industry ________ curve to shift to the right.



▸ earn economic profits; supply

▸ break even; demand

▸ earn economic profits; demand

▸ break even; supply

Question 2.

As long as existing firms ________ in an industry, some existing firms will exit the industry, causing the industry ________ curve to shift to the left.



▸ incur economic losses; supply

▸ break even; demand

▸ incur economic losses; demand

▸ break even; supply
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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cuddahy99cuddahy99
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Gideon123 Author
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5 years ago
You make an excellent tutor!
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