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If a firm in a perfectly competitive industry is experiencing average revenues less than average costs, in the long-run: A Some firms will leave the
If a firm in a perfectly competitive industry is experiencing average revenues less than average costs, in the long-run:
A Some firms will leave the industry and price will rise
B Some firms will enter the industry and price will rise
C Some firms will leave the industry and price will fall
D Some firms will enter the industry and price will fall
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