In the short run, a perfectly competitive firm
A) cannot shut down.
B) must make zero economic profit.
C) can make an economic profit, incur an economic loss, or make zero economic profit.
D) will not incur an economic loss if it shuts down.
Correct Answer:
Verified
Q247: Q248: For prices above the minimum average variable Q249: The short-run market supply curve for a Q250: In the short run, a perfectly competitive Q251: A perfectly competitive firm is definitely making Q253: In a perfectly competitive market, which of Q254: 3 Output, Price, and Profit in the Q255: A perfectly competitive firm will have an Q256: Paul runs a shop that sells printers. Q257: A perfectly competitive firm is making an![]()
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