Reasons why a firm needs to leave the market
- Created by: Tash5151
- Created on: 31-05-16 22:01
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- 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
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