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11 Dec 2019
Which of the following conditions may or will cause firms to exit an industry?
a. price is more than the minimum average cost, resulting in profits
b. price is less than the minimum average cost, resulting in losses
c. Price is more than the minimum average variable cost, resulting in profits
d. Price is less than the minimum average variable cost, resulting in losses
Which of the following conditions may or will cause firms to exit an industry?
a. price is more than the minimum average cost, resulting in profits
b. price is less than the minimum average cost, resulting in losses
c. Price is more than the minimum average variable cost, resulting in profits
d. Price is less than the minimum average variable cost, resulting in losses
Yusra AneesLv10
16 Mar 2021
