Suppose some firms in a perfectly competitive market are incurring an economic loss. As a result,
A) all the firms will eventually incur an economic loss.
B) some firms will leave the market and the price of the good will rise.
C) some firms will leave the market and the remaining firms' quantity will decrease.
D) the total market economic profit must equal $0.
B
Economics
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Over 90 percent of adults in the United States were high school graduates in 2000
a. True b. False Indicate whether the statement is true or false
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