One method that firms in many nations use to exit the market is the use of:

Question

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Bankruptcy laws provide a legal mechanism for firms to exit the market. These laws allow firms to liquidate their assets and distribute the proceeds among creditors or reorganize the firm to reduce its debt and continue its operations. This method is often used as a last resort when other attempts to improve the financial situation of the firm have failed.

One Method That Firms in Many Nations Use to Exit