In the long run when a perfectly competitive firm experiences positive economic profits, select one: a. firms exit the industry, the market supply curve shifts rightward, and the market price falls. b. firms enter the industry, the market supply curve shifts rightward, and the market price rises. c. firms enter the industry, the market supply curve shifts rightward, and the market price falls. d. firms exit the industry, the market supply curve shifts leftward, and the market price rises.

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.