In perfect competition,as the long run approaches,economic losses will cause

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In perfect competition, economic losses indicate that the price at which goods are being sold is lower than the total cost of production. As a result, firms will not be able to sustain themselves in the long run and will exit the market. The exit of existing firms will cause the market supply curve to shift to the left as there will be fewer firms producing goods. This will eventually lead to an increase in the market price, which will enable the remaining firms to make profits again.

In Perfect Competition,as the Long Run Approaches,economic Losses Will Cause