In the Short-Run,if a Competitive Firm Finds Itself Operating at a Loss,it

question 35

Multiple Choice

In the short-run,if a competitive firm finds itself operating at a loss,it will:

• A)have to shut down and exit the market.
• B)continue to operate as long as price is greater than average variable cost.
• C)liquidate all its assets to ensure cash flow.
• D)reduce the size of its plant to lower fixed costs.

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