If Dirk's Doughnuts Is in a Competitive Industry and Is

question 102

Multiple Choice

If Dirk's Doughnuts is in a competitive industry and is currently incurring economic losses of $500:

• A) firms will want to enter the market.
• B) firms will want to exit the market.
• C) individuals will demand more doughnuts.
• D) individuals will demand fewer doughnuts.
• E) the market supply curve will shift to the right.

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Definitions:

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