In the Short Run If TR < TC, a Perfectly

question 21

True/False

In the short run if TR < TC, a perfectly competitive firm will always shut down.

---

Definitions:

Administered Immediately

Carried out or applied without delay; executed promptly.

Negative Reinforcement

A behavioural strategy that involves the removal of an unpleasant stimulus to increase the likelihood of a desired response.

Contingent

Dependent on or conditioned by something else; occurring or existing only if certain circumstances are the case.

Unpleasant Event

An incident or occurrence that causes discomfort, distress, or dissatisfaction.