Asked by
Khaled Osama
on Dec 08, 2024
Verified
If a firm earns short-run losses, it exits in the long run.
Short-Run Losses
Temporary financial deficits that a firm may face due to operating costs exceeding total revenue in the short term.
- Understand the circumstances and motivations that lead corporations to join or leave a sector.
Verified Answer
HF
Learning Objectives
- Understand the circumstances and motivations that lead corporations to join or leave a sector.