If the price is consistently below average total cost, then in the short run a perfectly competitive firm should:
A.shut down.
B.continue to produce to minimize losses.
C.raise price.
D.There is not enough information given to answer this question.

Question

Quizplus · Accepted Answer

The Answer of If the price is consistently below average total cost, then in the short run a perfectly competitive firm should:
A.shut down.
B.continue to produce to minimize losses.
C.raise price.
D.There is not enough information given to answer this question.

If the Price Is Consistently Below Average Total Cost, Then