Which of the following represents the firm's long-run condition for exiting a market?

Question

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The firm's long-run condition for exiting a market is when the price falls below the average total cost (ATC) of production. If the price is below the ATC, the firm will not be able to cover its costs and will incur losses. Exiting the market is the best option in such a scenario to avoid further losses. The other options (A, B, D) are short-run conditions and not indicative of the long-run decision to exit.

Which of the Following Represents the Firm's Long-Run Condition for Exiting