If a Perfectly Competitive Firm Is Incurring a Short-Run Loss

question 152

Multiple Choice

If a perfectly competitive firm is incurring a short-run loss, it

• A)then will incur a long-run loss
• B)will shut down
• C)will continue to operate in the short run if its fixed cost is covered
• D)will continue to operate in the short run if its variable cost is covered
• E)will raise its price in the short run

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Definitions:

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