When Price Is Below Average Variable Cost in the Short

question 94

Multiple Choice

When price is below average variable cost in the short run,what will a firm in a competitive market do

• A)It will shut down and incur fixed costs.
• B)It will shut down and incur both variable and fixed costs.
• C)It will continue to operate as long as average revenue exceeds marginal cost.
• D)It will continue to operate as long as average revenue exceeds average fixed cost.

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Definitions:

Operating System

An operating system (OS) is system software that manages computer hardware, software resources, and provides common services for computer programs.

Fopen() Call

A function in C programming used to open a file and associate it with a stream, allowing for data to be read from or written to the file.

Operating System

The software that manages the hardware and software resources on a computer, serving as a base for all application software.

Fflush() Function

A standard library function in C that cleans up the output buffer, forcing the buffered data to be written to the output.