Global Economy

Wednesday 30 November 2011

Unit 1 Microeconomics - a firm exits an industry

When firms can no longer afford to supply at the market price, they may decide to exit the industry. As a result of the recent recession, price competition in the fast food market has been fierce. Now Harry Ramsden's closes its oldest and most iconic branch, which when it opened, was targeted at day trippers. These are no longer coming in large enough numbers, neither are locals using the branch as much as before. Here is the Link.

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