8. Perfectly competitive firms, in the short run, should continue to operate as long as they earn enough revenue to cover their fixed cost

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 5.10P
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Tell whether each of the following is True or False. Explain carefully why it is either True or False. 

8. Perfectly competitive firms, in the short run, should continue to operate as long as they earn enough revenue to cover their fixed cost. 

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