At an output level of 100 units,TC = $1,000,TVC = $500,MC = $3 and MR = $3,the short-run result/s for the perfectly competitive firm will be:
A) making a short-run loss of $500.
B) breaking even, as MC = MR.
C) shutting down and incurring a loss of $1000.
D) making a loss of $1000 but continuing to operate.
E) unclear, as there is not enough information.
Correct Answer:
Verified
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