12. In the short run if a perfectly competitive firm finds itself operating at a loss, it will A. O Reduce the size of its plant to lower fixed costs B. O Raise the price of its product C. O Shut down D. O Continue to operate as long as it covers its variable cost

12. In the short run if a perfectly competitive firm finds itself operating at a loss, it will A. O Reduce the size of its plant to lower fixed costs B. O Raise the price of its product C. O Shut down D. O Continue to operate as long as it covers its variable cost

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 10SQP

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12. In the short run if a perfectly
competitive firm finds itself operating
at a loss, it will
A. O Reduce the size of its plant to lower
fixed costs
B. O Raise the price of its product
C. O Shut down
D. O Continue to operate as long as it covers
its variable cost

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