Which of the following statements concerning a monopolistically competitive industry is correch? Multiple Choice If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the left. If there are short-run economic profits, firms will leave the industry and the demand curves of the remaining firms will shift to the right. If there are short-run economic profits, firms will enter the industry and the demand curves of existing firms will shift to the right If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right