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    Economics-Microeconomics
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    Exam 12: Perfect Competition
  5. Question
    In the Long Run, a Perfectly Competitive Firm Leaves the Market
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In the Long Run, a Perfectly Competitive Firm Leaves the Market

Question 66

Question 66

True/False

In the long run, a perfectly competitive firm leaves the market if the market price is less than the firm's average total cost.

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