If a firm can afford to retain its declining product until major competitors withdraw from the market, it may enjoy several more years of satisfactory profits.

Name: If a firm can afford to retain its declining product until major competitors withdraw from the market, it may enjoy several more years of satisfactory profits.
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Question

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If a firm can hang on to its declining product until competitors exit the market, it can still earn decent profits for a few more years.

If a Firm Can Afford to Retain Its Declining Product