Multiple Choice
During the summer, Alex runs a mowing service, and lawn mowing is a perfectly competitive industry. In the short run, Alex will shut down if:
A) the total revenues can't cover fixed costs.
B) the total revenues can't cover variable costs.
C) the total revenues can't cover total costs.
D) the price exceeds the average total cost.
Correct Answer:

Verified
Correct Answer:
Verified
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