What would happen in the long if the firm produces 84 units and charges $28?PRICE D##1001 10QUANTITY()ATCa. 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.

Firm will stay when revenue is enough to cover average variable cost.

Answered: What would happen in the long if the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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