Presume a product suddenly loses popularity and the firms, Ask an Expert

Economics

Presume a product suddenly loses popularity and the firms producing the product begin to realize large losses. In response, entrepreneurs would:

1) Enter the market and increase production.

2) Exit the market and decrease production.

3) Exit the market and increase production.

4) Enter the market and decrease production.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225227

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