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Commerce · Q1208

Economics

Graduate and Post Graduate · Commerce · question 1208

Q1208

When the firm has an incentive to exit a competitive, the exit will

A.
Drive down market prices
B.
Drive down the profits of existing firms in the market
C.
Decrease the number of goods supplied in the market
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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