When Total Revenue Is Less Than Variable Costs in the Short

question 105

Multiple Choice

When total revenue is less than variable costs in the short run,what will a firm in a competitive market do

• A)It will continue to operate as long as average revenue exceeds marginal cost.
• B)It will continue to operate as long as average revenue exceeds average fixed cost.
• C)It will shut down.
• D)It will always exit the industry.

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