Which of the following is false?
A)As firms exit an industry, market supply decreases.
B)As firms exit an industry, market price increases as demand increases.
C)As firms exit an industry, economic losses for the remaining firms decrease.
D)As firms exit an industry, at least some firm output increases.
E)As firms exit an industry, industry output is reduced.

Question

Quizplus · Accepted Answer

As firms exit an industry, market price is more likely to decrease due to a decrease in demand for the product with a reduced number of suppliers.

Which of the Following Is False