Even if a perfectly competitive firm produces at a loss in, Ask an Expert

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Even if a perfectly competitive firm produces at a loss in the short run, continued production is preferable to shutting down as long as

A. total losses are less than total fixed cost

B. total revenue exceeds total fixed cost

C. price is below marginal cost

D. total variable cost exceeds total revenue

E. average variable cost exceeds price

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236105

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