When Price Is Sufficient to Cover Average Variable Costs, Firms

question 357

True/False

When price is sufficient to cover average variable costs, firms suffering short-run losses will continue to operate rather than shut down.

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Definitions:

Initializes

Initializes refers to the process of assigning an initial value to a variable or preparing a newly created object for use.

Null String

A string variable that has no value assigned to it or is explicitly set to a state representing "nothing" or "empty."

Blank Character

A character that represents a space or lack of visible mark in text, often used in programming for separating words and formatting text.

Cast Operator

A special operator used in programming languages to explicitly convert a variable from one type to another.