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Under What Conditions Would a Perfectly Competitive Cotton Farmer Who

Question 98

Multiple Choice

Under what conditions would a perfectly competitive cotton farmer who is incurring an economic loss temporarily stay in business?


A) if the total revenue exceeds the total fixed cost
B) if the total revenue exceeds the total variable cost
C) if the total revenue is positive
D) if the total revenue is increasing
E) if the marginal revenue exceeds the price.

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