F p falls below ac what is result for firm? firm loses, Ask an Expert

Economics

Q. A firm's economic profit is equal to its total revenue (TR) minus its total cost (TC). Restate economic profit equation using quantity (Q), Profit= Quantity (Price- Average cost) price (P) and average cost (AC). If P falls below AC, what is result for firm? Firm loses money 16. In late-19th century, both firms and markets expanded. How did this impact competition in many markets?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307465

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