menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 12: Perfect Competition
  5. Question
    In the Short Run, a Perfectly Competitive Firm Will Shut
Solved

In the Short Run, a Perfectly Competitive Firm Will Shut

Question 332

Question 332

Multiple Choice

In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity the


A) P < AVC.
B) AVC < ATC.
C) P > ATC.
D) P > MC.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q327: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q328: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q329: Which of the following is NOT a

Q330: In the long run, perfectly competitive firms

Q331: In the long-run, if firms in a

Q333: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above

Q334: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above

Q335: What is a perfectly competitive firm's short-run

Q336: If firms in a competitive market are

Q337: There is a technological advance in a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines