Which of the Following Is Not an Option for a Perfectly

question 62

Multiple Choice

Which of the following is not an option for a perfectly competitive firm that suffers short-run losses?

• A)shutting down
• B)reducing production
• C)reducing the use of variable factors
• D)raising the price

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Definitions:

Fees

Charges levied for services provided, often related to professional, financial, or administrative tasks.

Factoring Receivables

The financial transaction of selling accounts receivable to a third party (factor) at a discount to obtain immediate cash.

Factor

An element or component that contributes to a particular result or situation.

Bad Debts

Accounts receivable that are considered to be uncollectible, representing losses to the company.