If a perfectly competitive firm decides to shut down in the short run, its loss will equal its

Name: If a perfectly competitive firm decides to shut down in the short run, its loss will equal its
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When a perfectly competitive firm decides to shut down in the short run, it still has to pay its total fixed costs (TFC), as these costs are incurred regardless of the level of production. Variable costs can be avoided by not producing.

If a Perfectly Competitive Firm Decides to Shut Down in the Short