A Perfectly Competitive Firm Will Be Operating at Its Shutdown

question 218

Multiple Choice

A perfectly competitive firm will be operating at its shutdown point if it operates

• A) where P = MC.
• B) at the minimum point on its average variable cost curve.
• C) at the minimum point on its average total cost curve.
• D) at the minimum point on its marginal cost curve.

---

Definitions:

HR Dashboard

A display of a series of HR measures, showing the measure and progress toward meeting it.

Companywide Basis

Pertaining to policies, actions, or measurements that are applied uniformly across an entire organization.

HR Performance

The effectiveness with which the Human Resources department of an organization carries out its functions such as recruiting, training, and managing employee relations.

HRIS

Human Resources Information System, a digital solution for managing and automating many HR, payroll, and compliance tasks.