A generic firm can make all the following changes in the long run except Select one: a. Leave an industry in response to losses b. Decrease its plant in response to profits c. Decrease its plant in response to losses d. Enter an industry in response to (expected) profits

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A generic firm can make all the following changes in the long run except
Select one:
O
O
a. Leave an industry in response to losses
b. Decrease its plant in response to profits
c. Decrease its plant in response to losses
d. Enter an industry in response to (expected) profits
Transcribed Image Text:A generic firm can make all the following changes in the long run except Select one: O O a. Leave an industry in response to losses b. Decrease its plant in response to profits c. Decrease its plant in response to losses d. Enter an industry in response to (expected) profits
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