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MrGrimey MrGrimey
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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: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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SaHiN22SaHiN22
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6 years ago
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MrGrimey Author
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6 years ago
Thanks
dianeflunder
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Yesterday
Helped a lot
sudenzia
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2 hours ago
You make an excellent tutor!
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