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sgy_89 sgy_89
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7 years ago
If a purely competitive firm is incurring an economic loss in the short run, it should
A) immediately leave the industry.
B) continue to operate in the short run, provided that the selling price exceeds the firm's average variable cost.
C) exit the industry in the long run if market conditions do not improve.
D) Both B and C are correct.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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7 years ago
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sgy_89 Author
wrote...

7 years ago
Smart ... Thanks!
noodlelicker
wrote...

Yesterday
Correct Slight Smile TY
kc123
wrote...

2 hours ago
Thanks for your help!!
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