Business, 29.08.2019 17:10, darajeanty2004p7cu4m

If a competitive firm cannot earn a profit at any level of output during a given shortminusrun period, then which of the following is false?
a. it will shut down in the short run and wait until the price increases sufficiently.
b. it will exit the industry in the long run.
c. it will minimize its loss by decreasing output so that price exceeds marginal cost.
d. it will operate at a loss in the short run

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If a competitive firm cannot earn a profit at any level of output during a given shortminusrun perio...