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In what direction does the market supply curve shift and what is the change in the market price when some firms exit an industry in
In what direction does the market supply curve shift and what is the change in the market price when some firms exit an industry in which firms are incurring economic losses? Question content area bottom Part 1 When some firms exit an industry in which firms are incurring economic losses, the market supply curve shifts _______ and the market price _______. A. leftward; falls B. leftward; rises C. rightward; falls D. rightward; rises
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