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Kyuubi Kyuubi
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6 years ago
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
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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angelverdeangelverde
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#1
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6 years ago
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Kyuubi Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mikeh209
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Yesterday
Thanks for your help!!
noodlelicker
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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