Perfectly competitive firm produces at a loss in short run

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Reference no: EM13984896

Even if a perfectly competitive firm produces at a loss in the short run, continued production is prefer abled to shutting down as long as:

A. total losses are less than total fixed cost

B. price is below marginal cost

C. average variable cost exceeds price

D. total revenue exceeds total fixed cost

E. total variable cost exceeds total revenue

Reference no: EM13984896

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