16. In the long run, some firms will exit the market if the price of the good...

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16. In the long run, some firms will exit the market if the price of the good offered for sale is less than

a. marginal revenue..

b. marginal cost. C. average revenue.

d. average total cost.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

Question Posted: Nov 15, 2024 03:00 AM

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16. In the long run, some firms will exit the market if the price of the good...

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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