Fill in the blanks:
-A firm with market power will produce at a loss in the short run only if _____________. If this condition is met and the firm does produce at a loss, the firm will lose ____________(more, less) than its total fixed costs. In the long run, this firm will leave the industry if _______________.

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The Answer of Fill in the blanks:
-A firm with market power will produce at a loss in the short run only if _____________. If this condition is met and the firm does produce at a loss, the firm will lose ____________(more, less) than its total fixed costs. In the long run, this firm will leave the industry if _______________.

Fill in the Blanks