A firm will shut down in the short run if,for all positive levels of output,
A) its loss exceeds its fixed costs.
B) its total revenue is less than its variable costs.
C) the price of its product is less than its average variable cost.
D) All of the above are correct.
Correct Answer:
Verified
Q199: The short-run supply curve for a firm
Q236: Susan quit her job as a teacher,which
Q259: Suppose you bought a ticket to a
Q260: Suppose you value a special watch at
Q266: A firm's marginal cost has a minimum
Q267: A firm's marginal cost has a minimum
Q290: In a competitive market the current price
Q323: The competitive firm's short-run supply curve is
Q324: A competitive firm's short-run supply curve is
Q329: Which of these curves is the competitive
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