Which of the Following Would Not Occur as a Result

question 56

Multiple Choice

Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?

• A)The firm could exit the industry in the long run.
• B)If the firm does not exit the industry in the long run, its demand curve will shift to the left.
• C)If the firm does not exit the industry in the long run, its demand curve will shift to the right.
• D)If the firm remains in the industry in the long run, it will break even.

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Definitions:

-trophy

The suffix "-trophy" relates to growth and is used to form nouns indicating the nourishment or development of a particular part or organ (e.g., hypertrophy, atrophy).

Atrophy

The wasting away or decrease in size of an organ or tissue due to disease, injury, or lack of use.

Nourishment

The substances required by organisms to stay alive, grow, and maintain their health.

Synergist

A substance, muscle, or agent that works with another to enhance or facilitate an effect or action.