If the Loss-Minimizing Output for a Perfectly Competitive Firm Is

question 208

Multiple Choice

If the loss-minimizing output for a perfectly competitive firm is zero, then, at all other output levels,

• A)price must be greater than average variable cost
• B)the marginal cost curve must slope downward
• C)marginal cost is less than marginal revenue
• D)total revenue is less than total variable cost
• E)total revenue is less than average variable cost

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