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If price is above the average variable cost but below the average total cost of a representative firm in a competitive industry
asked
Oct 22, 2018
in
Economics
by
Ariana0497
a. There will be new industries blooming over time
b. There will be an interest in the industry over time
c. There will be an exit from the industry over time
d. All of the above
e. None of the above
managerial
economics
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answered
Oct 22, 2018
by
KitKat
Best answer
c. There will be an exit from the industry over time
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