Which of the following represents the firm's long-run condition for exiting a market?

Question

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In the long-run, a firm should exit a market if the price falls below the average total cost (ATC) of the firm. This is because, in the long-run, all factors of production are variable and a firm can adjust its production to minimize losses. If the price is below the ATC, the firm is not able to cover its average costs including its opportunity cost of capital, and thus it would be better for the firm to exit the market.

Which of the Following Represents the Firm's Long-Run Condition for Exiting