Ask Question
27 February, 15:08

Which of the following conditions may or will cause firms to exit an industry?

A. If price is equal to minimum average total cost, resulting losses will cause firms to leave the industry.

B. If price is more than minimum average total cost, resulting losses will cause firms to leave the industry.

C. If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.

D. If price is less than minimum average total cost, resulting losses will cause firms to leave the industry

+1
Answers (1)
  1. 27 February, 15:46
    0
    If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following conditions may or will cause firms to exit an industry? A. If price is equal to minimum average total cost, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers