If the price less than the average total cost for a perfectly competitive firm in the short-run, then the firm
a. Should continue to operate as long as price is above the average fixed cost
b. Should shut down
c. Is breaking even
d. Should continue to operate as long as price is above the average variable cost
e. Is earning an economic profit?
In Economics
2 Answers Available
Asked by Borrison on 25th May, 2019
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