![If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price](https://homework.study.com/cimages/multimages/16/capture2311694001524117096.jpg "If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price")
If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price
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The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.
Short Run Supply Curve of a Firm - Cases In Short Run Supply Curve of a Firm
