answer the following questions in brief (70 to 100 for each Q)

Assignment # 2 Principles of Microeconomics Summer 2019-20/4 Submission deadline July 15, 2020 1- How can the demand curve facing a rm be horizontal if the market demand curve is downward- sloping? (5) 2- If a rm is incurring an economic loss, would society be better off if the rm Shut down? Would the rm want to shut down? Explain (5) 3- Why would anyone want to enter a protable industry knowing that prots would eventually be eliminated by competition? (5) 4- What happens to the factors of production that exit an industry