If a firm earns short-run losses, it exits in the long run.
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Q334: Industries in which firms _ are likely
Q335: Firms in perfectly competitive industries that are
Q336: Profits in the short run attract resources
Q337: When long-run average costs decrease as a
Q338: Sources of _ include larger industry size
Q340: Assume the market for orange juice is
Q341: Assume a perfectly competitive industry is in
Q342: Assume a perfectly competitive industry is in
Q343: Refer to the information provided in Figure
Q344: Refer to the information provided in Figure
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