What would happen in the long if the firm produces 84 units and charges $28? PRICE Data 80 80 20 10 20 QUANTITY() ATC a. Firm will exit from the industry. b. Firm will stay in the industry. c. Firm will either stay in the industry or exit from the industry. d. Firm will stay in the industry whether it earns profits or losses.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What would happen in the long if the firm produces 84 units and charges $28?
PRICE D
##
10
0
1 10
QUANTITY()
ATC
a. Firm will exit from the industry.
b. Firm will stay in the industry.
c. Firm will either stay in the industry or exit from the industry.
d. Firm will stay in the industry whether it earns profits or losses.
Transcribed Image Text:What would happen in the long if the firm produces 84 units and charges $28? PRICE D ## 10 0 1 10 QUANTITY() ATC a. Firm will exit from the industry. b. Firm will stay in the industry. c. Firm will either stay in the industry or exit from the industry. d. Firm will stay in the industry whether it earns profits or losses.
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