Business, 09.07.2021 22:50, ellenaschool
Why would a firm that incurs losses choose to produce rather than shut down? In a perfectly competitive industry, if a firm is incurring losses, then it might choose to produce in the short run because A. is greater than , resulting in profit in the long run. B. is greater than , resulting in smaller losses than would result from shutting down. C. variable costs are greater than fixed costs, resulting in smaller losses than would result from shutting down. D. zero in the long run, resulting in profit in the long run. E. is greater than , resulting in smaller losses than would result from shutting down.
Answers: 3
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Why would a firm that incurs losses choose to produce rather than shut down? In a perfectly competi...
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