Question
1.A sudden decrease in the market demand in a competitive industry leads to a. Losses in the short-run and average profits in the long-run b.
1.A sudden decrease in the market demand in a competitive industry leads to
a.
Losses in the short-run and average profits in the long-run
b.
Above average profits in the short-run and average profits in the long-run
c.
New firms being attracted to the industry
d.
Demand creating supply
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
