If a perfectly competitive firm is losing money in the short run, then
a. it should never shut down in the short run
b. this is because price is equal to average total cost.
c. it should shut down only if its losses are greater than its fixed costs.
d. it should shut down only if price is smaller than average variable cost.
e. it should shut down?
2 Answers Available
Asked by Roe
on 26th May, 2019
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