Which of the following is not an option for a perfectly competitive firm in the short run?

Question

Quizplus · Accepted Answer

In the short run, a perfectly competitive firm cannot exit the market altogether as it has already invested in fixed costs such as equipment and machinery. It can only choose to shut down temporarily and wait for better market conditions or adjust its level of production based on demand. Therefore, option D is not an option for a perfectly competitive firm in the short run.

Which of the Following Is Not an Option for a Perfectly