Scan QR code or get instant email to install app
Question:
A firm in perfect competition will continue to operate in the short run as long as:
A
Price exceeds average variable cost.
explanation
In the short run, a firm in perfect competition will continue to produce as long as price exceeds AVC, as this would mean that it is covering at least a portion of its fixed costs.
Take more free practice tests for other PASSEMALL topics with our cfa sample questions now!
Related Information
Comments