In a perfectly competitive farm market with economic losses,farmers will

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In a perfectly competitive market, firms (or farmers, in this case) will exit the market if they are experiencing economic losses, and will continue to do so until economic profits (total revenue minus total costs, including opportunity costs) are normal (zero economic profit). This adjustment process ensures that only those farmers who can produce at the minimum point of the average total cost curve remain in the long run, restoring the market to a normal profit situation.

In a Perfectly Competitive Farm Market with Economic Losses,farmers Will