Multiple Choice
Firms will always stay in the market in the short run if the price they charge is
A) less than their minimum average total cost (ATC) .
B) less than their minimum average variable cost (AVC) .
C) greater than their minimum average variable cost (AVC) .
D) greater than their minimum average total cost (ATC) but not greater than their minimum average variable cost (AVC) .
E) equal to their minimum average variable cost (AVC) .
Correct Answer:
Verified
Correct Answer:
Verified
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