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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
If a typical firm in a perfectly competitive industry is incurring losses, then
A) all firms will continue to lose money.
B) some firms will exit in the long run, causing market supply to decrease and market price to rise increasing profits for the remaining firms.
C) some firms will exit in the long run, causing market supply to decrease and market price to fall increasing losses for the remaining firms.
D) some firms will enter in the long run, causing market supply to increase and market price to rise increasing profit for all firms.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 370 times
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VincenzoDVincenzoD
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9 years ago
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Tidy Author
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This site is awesome
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