menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics for Business
  4. Exam
    Exam 10: Revenue and Profit
  5. Question
    A Firm Will Shut Down in the Long Run If
Solved

A Firm Will Shut Down in the Long Run If

Question 3

Question 3

Multiple Choice

A firm will shut down in the long run if


A) MC > MR
B) AR > AC
C) MC = MR
D) AR < AC

Correct Answer:

verifed

Verified

Related Questions

Q1: In a perfectly competitive industry (where firms

Q2: Draw a set of MC, AC, AR

Q4: Normal profit is not regarded as a

Q5: Tom and Barbara grow tomatoes for profit,

Q6: If marginal cost is currently above marginal

Q7: A firm is a price- taker and

Q8: If a price- taking firm is in

Q9: The following diagram shows a firm facing

Q10: Explain the significance of normal profit and

Q11: What are average and marginal revenue? In

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