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Question
With no barriers to entry or exit and when firms in a market are operating at a loss, we can expect other firms to exit, causing the ________ curve to shift to the ________ and making the equilibrium price ________ and the equilibrium quantity ________.
a. demand; right; increase; increase
b. demand; left; decrease; decrease
c. supply; right; decrease; increase
d. supply; left; increase; increase
e. supply; left; increase; decrease
Answer
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