Exit from a competitive industry will occur until economic

Name: Exit from a competitive industry will occur until economic
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Exit from a competitive industry will occur until economic losses are driven to zero, meaning that firms will leave the industry if they are unable to cover their total costs, including both explicit and implicit costs, until they reach a break-even point where economic profits are zero.

Exit from a Competitive Industry Will Occur Until Economic