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In the Short Run,if a Firm Chooses to Operate and Produce

Question 77

Multiple Choice

In the short run,if a firm chooses to operate and produce output,it must be the case that:


A) it earns a profit.
B) it avoids a loss.
C) total revenues are greater than or equal to the cost of fixed factors of production.
D) total revenues are greater than or equal to the cost of variable factors of production.

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