When market conditions in a competitive industry are such that firms cannot cover their total production costs, then?

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22-12-2017
Business

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When market conditions in a competitive industry are such that firms cannot cover their total production costs, then?

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Ancaps Ancaps · Answer 1 · 2017-12-22T07:54:48+01:00

Ancaps Ancaps

22-12-2017

The business will try to make better products, reach more customers, adapt their target group of customers, try to find cheaper suppliers, restructure the employee scheme, automate etc. or just find another domain of business.

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