If firms in a competitive industry are experiencing losses in-08978
If firms in a competitive industry are experiencing losses in the short run, then:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.3.
If firms in a competitive industry are experiencing losses in the short run, then:
The firms will try to raise prices.
Some firms will choose to shut down.
The industry will cease to exist.
New firms will enter the industry.
