When an existing firm exits a market
When an existing firm exits a market, it:
Select one:
1. Reduces the profits of existing firms
2. Pushes the equilibrium price upward
3. Shifts the market supply curve to the left
4. Shifts the market demand curve to the left
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when an existing firm exits a market itselect one1 reduces the profits of existing firms2 pushes the equilibrium price
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