In the long run, if price is below the average variable cost, the perfect competitive firm should

Question

asked Oct 23, 2021 217k views

1 Answer

Matthiku · Answer 1 · 2021-10-29T12:48:16+0000

Answer:

The perfect competitive firm should shut down because it is evidence that the generated revenue can not meet or offset the variable cost of production.

In the long run, if price is below the average variable cost, the perfect competitive firm should

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions