What would cause sellers to leave a market

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Reference no: EM131104255

The Invisible Hand theory shows how resources are moved in and out of markets or industries.

A. State what would attract 1) more resources (sellers) into a certain market, 2) what would cause sellers to leave a market?

B. Long-term, in perfectly competitive markets, what will be true about 1) the economic profit and 2) Price (P) and Average Total Cost (ATC).

C. Is this situation acceptable for sellers?

Reference no: EM131104255

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