In Order to Minimize Losses in the Short Run,a Perfectly

question 74

Multiple Choice

In order to minimize losses in the short run,a perfectly competitive firm should shut down if

• A)total revenue is less than total cost.
• B)total revenue is less than total fixed cost.
• C)total revenue is less than total variable cost.
• D)total revenue is less than the difference between total fixed cost and total variable cost.