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ochreswan849Lv1
18 Aug 2020
If a perfectly competitive firm's total revenue is less than its total variable cost, the firm:
A. Should raise its price above its average variable cost.
B. Should continue to produce and increase its demand.
C. Should adopt new technology in order to lower its costs of production.
D. Should stop production by shutting down temporarily.
If a perfectly competitive firm's total revenue is less than its total variable cost, the firm:
A. Should raise its price above its average variable cost.
B. Should continue to produce and increase its demand.
C. Should adopt new technology in order to lower its costs of production.
D. Should stop production by shutting down temporarily.
1
answer
0
watching
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Mahe AlamLv10
8 Apr 2021