If a Perfectly Competitive Firm Is Incurring Losses in the Short

question 43

Multiple Choice

If a perfectly competitive firm is incurring losses in the short run,it _____

• A)will incur a loss in the long run as well.
• B)will shut down.
• C)will continue to operate in the short run if its fixed cost is covered.
• D)will continue to operate in the short run if its variable cost is covered.
• E)will raise its price in the short run.

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Definitions:

Online Recruiting

The process of using the Internet to actively seek out and recruit talented candidates for an organization's open positions.

Web-based HR

Refers to the use of online platforms and tools for managing human resources processes and activities, offering accessibility and efficiency improvements.

Replacement Planning

A component of succession planning focusing on identifying immediate backup candidates for key positions to ensure minimal disruption in case of sudden vacancies.

Operational Efficiency

Refers to the ability of an organization to deliver products or services to its customers in the most cost-effective manner while maintaining high-quality standards.