Reasons why a firm needs to leave the market

HideShow resource information
View mindmap
  • Assess reasons why a firm needs to leave the market
    • Eval - firms can remain in SR if AVC is covered
    • Firm is making a loss from revenue falling below AC (draw diagram showing a loss)
    • Eval - customer loyalty may keep the firm going
    • Costs are rising
    • Eval - Seasonality
    • Too much competition

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all 16 markers that come up often resources »