The rutabaga market isperfectly competitive. Research is published claiming that

Question

The rutabaga market isperfectly competitive. Research is published claiming that eatingrutabagas leads to gaining weight and so the demand for rutabagaspermanently decreases. The permanent decrease in demand results ina lower price,economic losses by rutabaga farmers, and entry into themarket. higher price,economic losses by rutabaga farmers, and exit from themarket. higher price,economic profits for rutabaga farmers, and entry into themarket. lower price,economic losses by rutabaga farmers, and exit from themarket. lower price,economic profits for rutabaga farmers, and entry into themarket

Explanation / Answer

Choice D Lower price, economic losses by rutabaga farmers, and exit from themarket.

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