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24 Sep 2018
28) If firms in a perfectly competitive market are incurring an economic loss, some firms will exit. This exit shifts the industry A) supply curve leftward, and the market price rises. B) demand curve rightward, and the market price rises. C) demand curve leftward, and the market price falls. D) supply curve rightward, and the market price falls. E) none of the above.
28) If firms in a perfectly competitive market are incurring an economic loss, some firms will exit. This exit shifts the industry A) supply curve leftward, and the market price rises. B) demand curve rightward, and the market price rises. C) demand curve leftward, and the market price falls. D) supply curve rightward, and the market price falls. E) none of the above.
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