write my assignment 5115

A) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right. 57. Which of the following statements concerning a monopolistically competitive industry is correct? A) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right. B) If there are short-run economic profits, firms will enter the industry and the demand curves of existing firms will shift to the right. C) If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the left. D) If there are short-run economic profits, firms will leave the industry and the demand curves of the remaining firms will shift to the right.