In the short run, a perfectly competitive firm should leave the industry if it is NOT earning economic profits.
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Q219: A firm in perfect competition is a
Q220: When the demand curve is perfectly elastic,
Q221: In the short run, at least one
Q222: In the short run, firms will always
Q223: With regard to entry and exit barriers,
Q225: In the long run, the departure of
Q226: The entry and exit of firms occur
Q227: In a perfectly competitive market, if the
Q228: The marginal cost curve is always equal
Q229: When the price is greater than the
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