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Question 55

Multiple Choice

-Refer to the graph above to answer this question.Which one of the following statements is correct in the long run? A) Firms will enter the industry and the firm's demand curve will shift to the right. B) Firms will enter the industry and the firm's demand curve will shift to the left. C) Firms will leave the industry and the firm's demand curve will shift to the left. D) Firms will leave the industry and the firm's demand curve will shift to the right.
-Refer to the graph above to answer this question.Which one of the following statements is correct in the long run?


A) Firms will enter the industry and the firm's demand curve will shift to the right.
B) Firms will enter the industry and the firm's demand curve will shift to the left.
C) Firms will leave the industry and the firm's demand curve will shift to the left.
D) Firms will leave the industry and the firm's demand curve will shift to the right.

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