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_________________ is an incentive for firms to exit a market, but as they do so, the price rises and the economic loss of each remaining
_________________ is an incentive for firms to exit a market, but as they do so, the price rises and the economic loss of each remaining firm decreases. Question 19 options: Economic loss Economic profit Accounting loss Accounting profit
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The correct answer is Economic loss Explanation 1 Economic Loss When firms in a market are inc...
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