With regard to perfectly competitive industries in the long run, economic theory would dictate that the following were true (complete the sentence). As firms _____ an industry, the industry supply curve moves _ thereby pushing prices ____.
Group of answer choices
O enter; leftward; higher
O enter; rightward; lower
O exit; leftward; lower
O exit; rightward; lower

Question

05-07-2024
Business

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With regard to perfectly competitive industries in the long run, economic theory would dictate that the following were true (complete the sentence). As firms _____ an industry, the industry supply curve moves _ thereby pushing prices ____.
Group of answer choices
O enter; leftward; higher
O enter; rightward; lower
O exit; leftward; lower
O exit; rightward; lower

Sagot :

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