In the Short Run, a Perfectly Competitive Firm Suffering a Loss

question 137

Multiple Choice

In the short run, a perfectly competitive firm suffering a loss

• A)will close if P < AVC
• B)will shut down operations if P < MC
• C)cannot leave the industry even if P < AVC
• D)can sell off all its resources to competitors
• E)can raise the price to increase revenues

---

Definitions:

Background Color

A property that specifies the color of an element's background area.

Text Color

Text Color refers to the visual property of text defined by its color, which can be adjusted to enhance readability or adhere to design aesthetics.

Form Design View

A mode in database applications that allows users to create, design, and modify the layout and functionality of forms used for entering, viewing, and editing data.

Detail Section

Part of a form or report in database management systems, specifically designed to display individual records or group of items.