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Commerce · Q576

Economics

Graduate and Post Graduate · Commerce · question 576

Q576

A marginal firm is one which

A.
will be the first to leave the industry, if the price falls
Answer
B.
will be the last to leave the industry, if the price falls
C.
will be the first to reduce price to continue its business
D.
none of the above

Answer: Option A

Solution

Answer: Option A
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