Question

In: Economics

Let us consider a situation exist in a market with no barriers to enter or to...

Let us consider a situation exist in a market with no barriers to enter or to exit.

The Firms in the market suffering crises and losses - you and you competitors as well.

You decided to not shot down the business and stay in the market ..

Based on that .. answer the following questions

1. what type of markets you are operating in ?

2. what the economic rule for a decision not to shut-down?

3. A how you would overcome the short-run losses in long-run?

Solutions

Expert Solution

Rahul Sunny answered 7 months ago
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