In the short run, a perfectly competitive firm will shut down if
A) it incurs any economic loss.
B) price equals average cost.
C) total revenue is less than total variable cost.
D) total revenue is less than total fixed cost.
Correct Answer:
Verified
Q150: Q151: A firm's shutdown point is the output Q152: Q153: In the short run, a perfectly competitive Q154: A perfectly competitive firm's short-run shutdown point Q156: By producing less, a firm can reduce Q157: In the short run a perfectly competitive Q158: A perfectly competitive firm will shut down Q159: A perfectly competitive firm shuts down if Q160: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
