How did farming continue to be profitable for landowners even after the end of slavery?

How did farming continue to be profitable for landowners even after the end of slavery?
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If a firm is operating at loss in the short-period in perfect combination, it should : (1) decrease the production and the price. (2) increase the production and the price (3) continue to operate as long as it covers even the variable costs. (4) shut-down and leave the industry

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