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Tragamin Tragamin
wrote...
Posts: 588
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6 years ago
If businesses exit a perfectly competitive industry, the
A) market supply curve shifts rightward.
B) price of the product falls.
C) economic profits of remaining businesses decrease.
D) total market output decreases.
E) economic profits of remaining businesses stay the same.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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6 years ago
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