Some competitive firms operate at a loss in the short run because
a. Price is above average total cost
b. Price is below average variable cost
c. Their revenues are not able to cover out of pocket costs
d. They do not attempt to maximize profits minimize losses
e. Their revenues are at least able to cover their sunk costs?
In Economics
2 Answers Available
Asked by Borrison on 25th May, 2019
Ask Your Own Question
Quick Questions
See More Economics Questions
Answers ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}