Supply Curve in Various Market Structures - Finance Train
![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
Lecture 23 Notes
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Graphically derive and explain the underlying theory of the long run industry supply curve, assuming a constant cost industry. | Homework.Study.com
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