|
Title: The owner of a perfectly competitive firm that is earning economic losses in the short run Post by: joanne1718 on Mar 3, 2019 The owner of a perfectly competitive firm that is earning economic losses in the short run
• is actually losing more than he thinks because not all of the implicit costs have been considered. • should alter the rate of output in order to increase profitability. • should cut his own salary in order to reach the break-even point. • is earning less than he would if he worked for someone else. Title: The owner of a perfectly competitive firm that is earning economic losses in the short run Post by: Bakari on Mar 3, 2019 Content hidden
|