Which of the following is most likely to cause firms to exit a perfectly competitive industry?
A.Consumer tastes and preferences for this product get stronger.
B.A technological advance allows all firms to produce more efficiently.
C.The price of a key variable input falls.
D.Consumer income falls.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is most likely to cause firms to exit a perfectly competitive industry?
A.Consumer tastes and preferences for this product get stronger.
B.A technological advance allows all firms to produce more efficiently.
C.The price of a key variable input falls.
D.Consumer income falls.

Which of the Following Is Most Likely to Cause Firms