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 prefer abled to shutting down as long as:

A. total losses are less than total fixed cost

B. price is below marginal cost

C. average variable cost exceeds price

D. total revenue exceeds total fixed cost

E. total variable cost exceeds total revenue

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694765

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