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Since the market price is below the ATC the firm could experience economic losses. As for themarket, with firms experiencing economic losses there will be
Since the market price is below the ATC the firm could experience economic losses. As for themarket, with firms experiencing economic losses there will be other additional firms exitingfrom the market in which the prices will decrease increase towards previous levels. In orderfor them to adjust the firm would have to lower its ATC by changing to a different plant size.- what does this mean - what does this mean
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