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Author Question: Firms exit a competitive market when they incur an economic loss. In the long run, this exit means ... (Read 148 times)

student77

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on: May 24, 2019
Firms exit a competitive market when they incur an economic loss. In the long run, this exit means that the economic losses of the surviving firms
◦ increase.
◦ decrease until they equal zero.
◦ decrease until economic profits are earned.
◦ do not change.
◦ might change but more information is needed about what happens to the price of the good as the firms exit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by student77 on May 24, 2019

chevyboi1976

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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student77

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Reply 2 on: May 24, 2019
:D TYSM

irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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