Figure 14-5
-Refer to Figure 14-5.Firms will be earn losses in the short run but will remain in business if the market price

Name: Figure 14-5 -Refer to Figure 14-5.Firms will be earn losses in the short run but will remain in business if the market price
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Question

Figure 14-5 
-Refer to Figure 14-5.Firms will be earn losses in the short run but will remain in business if the market price

Quizplus · Accepted Answer

Firms will remain in business in the short run if the market price covers average variable costs, which is between P1 and P3.

Figure 14-5 -Refer to Figure 14-5.Firms Will Be Earn Losses in the Losses