As long as economic profits are being earned in an industry, firms will ________ the industry and the supply curve will shift to the ________.

A) enter; right
B) enter; left
C) exit; left
D) exit; right

Economic Profits

The total revenue of a business minus its explicit and implicit costs; a measure of incremental gain over the total costs, including opportunity costs.

Supply Curve

A graph showing the relationship between the price of a good and the quantity supplied by producers.