Over the long term, firms will leave the market if the selling price of their product falls below which of the following?

Show Answers

the additional revenue from selling one more unitthe extra cost incurred by producing one more unitthe total cost per unit on averagethe revenue earned per unit sold

Explanation

Firms will exit the market in the long run if the price they receive is less than their average total cost, as they would be unable to cover all their expenses. Marginal revenue and marginal cost relate to decisions about producing additional units, while average revenue equals price but does not account for total costs.