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Title: If a purely competitive firm is incurring an economic loss in the short run, it should Post by: sgy_89 on May 25, 2017 If a purely competitive firm is incurring an economic loss in the short run, it should
A) immediately leave the industry. B) continue to operate in the short run, provided that the selling price exceeds the firm's average variable cost. C) exit the industry in the long run if market conditions do not improve. D) Both B and C are correct. Title: Re: If a purely competitive firm is incurring an economic loss in the short run, it should Post by: folioge on May 25, 2017 Content hidden
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