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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Why does exit occur?

To determine

The reason whyfirmsexit an industry.

Explanation

When firms earn less than their total cost of production, they make loss. If existing firms in the industry make losses in the short run due to demand conditions ...

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