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If a firm in a perfectly competitive industry experiences persistent losses, in the long run it should Question content area bottom Part 1 A. continue
If a firm in a perfectly competitive industry experiences persistent losses, in the long run it should Question content area bottom Part 1 A. continue to operate if it can raise the demand for its product through advertising and quality improvements. B. shut down temporarily and wait for market conditions to change. C. exit the industry. D. raise its price to cover average total cost
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