Матеріали курсу ECON-3030-A1/A2/B1/B2-Managerial Economics-Winter-2025 та відповіді на тести | moodle.uleth.ca

The figure represents the short-run production decision of a perfectly competitive firm. Firms are making an economic

profit, and some firms will leave the industry, causing the industry supply curve to decrease.

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loss, and some firms will enter the industry, causing the industry supply curve to increase.

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loss, but since they are covering average variable cost, no one will exit the industry in the long run.

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profit, and some firms will enter the industry, causing the industry supply curve to increase.

❌

loss, and some firms will leave the industry, causing the industry supply curve to decrease.

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