If There Are Short-Run Losses in a Perfectly Competitive Industry,in

question 262

Short Answer

If there are short-run losses in a perfectly competitive industry,in the long run some firms will __________ and the industry-wide price will _______.

---

Definitions:

Sexual Monogamy

A mating system in which an individual has only one partner during their lifetime or during a specific breeding season.

Mammal Species

Diverse groups within the class Mammalia, characterized by having warm-blood, fur or hair, and, in females, milk-producing mammary glands.

Tail Feathers

The feathers located at the end of a bird’s body, which are often used for steering and balance during flight.

Female Birds

The sex in birds that typically produces larger, non-motile gametes (eggs), and often, but not always, has different physical characteristics from males.