In the long run, firms will _____ the market when the market price is below average total cost.
A) enter
B) remain in
C) leave
D) expand internationally
Correct Answer:
Verified
Q59: (Figure: Industry Adjustments to Economic Profits) In
Q60: (Figure: Industry Adjustments to Economic Profits 2)
Q61: (Figure: Industry Adjustments to Economic Profits 2)
Q62: (Figure: Industry Adjustments to Economic Profits 2)
Q63: (Figure: Industry Adjustments to Economic Profits 2)
Q65: _ occurs when businesses in a competitive
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Q67: In _ cost industry, the long-run supply
Q68: In _ cost industry, the entry of
Q69: In _ cost industry, the supply curve
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