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pirex pirex
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6 years ago
If a competitive firm finds that it maximizes short-run profits by shutting down, which of the following must be true?
A) p < AVC for all levels of output.
B) p < AVC only for the level of output at which p = MC.
C) p < AVC only if the firm has no fixed costs.
D) The firm will earn zero profit.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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#1
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6 years ago
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pirex Author
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6 years ago
Smart ... Thanks!
2ne1_12345
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Yesterday
Correct Slight Smile TY
Goku935
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2 hours ago
Thanks
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