Multiple Choice
If a perfectly competitive firm is incurring losses in the short run,it _____
A) will incur a loss in the long run as well.
B) will shut down.
C) will continue to operate in the short run if its fixed cost is covered.
D) will continue to operate in the short run if its variable cost is covered.
E) will raise its price in the short run.
Correct Answer:

Verified
Correct Answer:
Verified
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