Figure 11.4.1 Refer to Figure 11.4.1, which shows the cost curves and mar...

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Figure 11.4.1

Refer to Figure 11.4.1, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. How will this market change in the long run?

In the long run, market

demand will decrease as firms making a loss exit.

0%

supply and market demand will decrease as firms incurring a loss exit.

0%

supply will increase as new firms enter.

0%

supply will decrease as firms incurring a loss exit.

0%

demand will increase as new firms enter.

0%

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