If the firms in a perfectly competitive market are continually operating where their total costs exceed their total revenue in the short run,then in the long run

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If firms in a perfectly competitive market are continually operating where their total costs exceed their total revenue in the short run, then firms will eventually exit the market due to unprofitability. This will decrease the number of firms in the market in the long run.

If the Firms in a Perfectly Competitive Market Are Continually