ECO111_-_FA_2023_-_FE_997.webp
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ECO111_-_FA_2023_-_FE_997.webp

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(Choose 1 answer)
When firms decide to exit a competitive market, their exit will
A. lower the product price
B. raise the costs for the firms that remain in the market
C. raise the profits of the firms that remain in the market
D. shift the demand for the product to the left


Exit 12

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