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Firms leave a competitive industry in the long run when Group of answer choices price is less than the minimum of marginal cost. price is
Firms leave a competitive industry in the long run when Group of answer choices price is less than the minimum of marginal cost. price is less than the minimum of average variable cost. the return on investment is less than 10 percent. price is less than the minimum of average total cost. price is equal to the minimum of average total cost
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
