Industries in which firms ________ are likely to contract in the long-run.
A) have positive profits
B) suffer losses
C) break even
D) have no competition

Name: Industries in which firms ________ are likely to contract in the long-run. A) have positive profits B) suffer losses C) break even D) have no competition
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Question

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Industries where firms consistently suffer losses are likely to contract in the long-run as businesses exit the market due to unprofitability.

Industries in Which Firms ________ Are Likely to Contract in the Long-Run