When faced with an economic loss, a competitive firm will exit the industry in the long run
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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What two factors need to increase in order to increase potential output in an economy?
What will be an ideal response?
Economics
According to Peter Theil's book Zero to One,
A. there is only one market structure-perfect competition. B. there are two market structures-oligopoly and monopoly. C. there is only one market structure-dynamic monopoly. D. there are two market structures-oligopoly and competition.
Economics