menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 14: Firms in Competitive Markets
  5. Question
    In the Short Run, a Firm Should Exit the Industry
Solved

In the Short Run, a Firm Should Exit the Industry

Question 161

Question 161

True/False

In the short run, a firm should exit the industry if its marginal cost exceeds its marginal revenue.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q156: If some resources used in the production

Q157: A firm operating in a perfectly competitive

Q158: In the long-run equilibrium of a competitive

Q159: When a profit-maximizing firm in a competitive

Q160: Suppose a firm in each of the

Q162: If a firm notices that its average

Q163: The long-run equilibrium in a competitive market

Q164: Figure 14-7<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 14-7 ​

Q165: Table 14-7<br>A firm in a competitive

Q166: When profit-maximizing firms in competitive markets are

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines