Firms in perfect competition will leave the industry if
Firms in perfect competition will leave the industry if they
a. suffer short-run losses
b. suffer losses, even if they are covering variable costs in the short run
c. suffer long-run losses
d. earn a normal profit
e. earn a zero economic profit
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which of following is true of monopoly and not of perfect competitiona profit is maximized where marginal cost equals
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educ 5311 human growth and development courseone common mistake that some educators often make is to assume that
if a perfectly competitive firm is incurring a short-run loss ita then will incur a long-run lossb will shut downc will
1 if you deposit 600 in a savings account that earns a nominal annual interest rate of 8 how many years will it take to
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