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Other Fields Homework Help Economics Topic started by: Kyuubi on Jan 8, 2018



Title: If purely competitive firms are incurring losses, in the long run:
Post by: Kyuubi on Jan 8, 2018
If purely competitive firms are incurring losses, in the long run:
A) new firms will enter the industry to rescue the losing firms
B) each firm will adjust its price until profits are realized
C) firms will leave the industry and the price will fall to encourage customers to purchase larger quantities
D) firms will leave the industry and the price will increase


Title: Re: If purely competitive firms are incurring losses, in the long run:
Post by: angelverde on Jan 8, 2018
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