Therefore if demand falls causing prices to go down even a, Ask an Expert

Economics

When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business." True or false? describe.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939975

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