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Which of the following is true about firms exiting the competitive market for soybeans? Select the correct answer below: Where firms exit the market is
Which of the following is true about firms exiting the competitive market for soybeans? Select the correct answer below: Where firms exit the market is indicated by the price where the firm would lack enough revenue to cover its variable costs. Firms are only concerned with what quantity to produce and will exit, even if they are not experiencing losses. Exiting the market occurs in response to a sustained pattern of losses. Exiting the market occurs in response to increased industry profits
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