If Firms in a Perfectly Competitive Market Are Incurring Economic

question 146

Multiple Choice

If firms in a perfectly competitive market are incurring economic losses,then as time passes firms ________ and the market ________.

• A) enter; demand curve shifts leftward
• B) enter; supply curve shifts rightward
• C) exit; demand curve shifts leftward
• D) exit; supply curve shifts rightward
• E) exit; supply curve shifts leftward

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Definitions:

Join

A database operation that combines rows from two or more tables based on a related column between them.

Query

A request for information from a database.

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A structured arrangement of data made up of rows and columns, which is useful for organizing information.

Matching Fields

In databases and software applications, fields or columns that are compared or linked based on shared values or identifiers.