The Owner of a Perfectly Competitive Firm That Is Earning

Multiple Choice

The owner of a perfectly competitive firm that is earning economic losses in the short run

A) should alter the rate of output in order to increase profitability.
B) should cut his own salary in order to reach the break-even point.
C) is actually losing more than he thinks because not all of the implicit costs have been considered.
D) is earning less than he would if he worked for someone else.