The exit of firms from an unprofitable industry will ______. a. Shift the market supply curve left

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The exit of firms from an unprofitable industry will ______.

a. Shift the market supply curve left

b. Cause the market price to rise

c. Increase the economic profits of the firms that remain

d. Do all of these

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 17, 2023 05:38 AM

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The exit of firms from an unprofitable industry will ______. a. Shift the market supply curve left

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