A firm will exit a competitive market when

A) costs force the marginal cost curve to shift to the left.
B) the long-run profit would be negative.
C) it can earn only earn a zero long-run profit.
D) Both B and C.


B

Economics

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Refer to Figure 3-2. An increase in the number of firms in the market would be represented by a movement from

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For this question, assume that the economy is initially operating at the natural level of output. An increase in unemployment benefits will cause

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