A firm can survive in the long run only if its products are sold below cost.

Name: A firm can survive in the long run only if its products are sold below cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A firm cannot survive in the long run by selling products below cost. Continuously selling products below cost would result in losses and ultimately bankruptcy. To stay in business, a firm must sell products at a price that covers their costs and generates a profit.

A Firm Can Survive in the Long Run Only If