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    Principles of Economics Study Set 8
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    Exam 14: Firms in Competitive Markets
  5. Question
    A Firm Operating in a Competitive Market Will Stay in Business
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A Firm Operating in a Competitive Market Will Stay in Business

Question 78

Question 78

True/False

A firm operating in a competitive market will stay in business in the short run so long as the market price exceeds the firm's average total cost; otherwise, the firm will shut down.

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