Economy, asked by srujan070, 3 months ago

In the short run,a firm

Answers

Answered by rajendradahate151

4

Explanation:

In the short run, a firm that is operating at a loss (where the revenue is less that the total cost or the price is less than the unit cost) must decide to operate or temporarily shutdown. The shutdown rule states that “in the short run a firm should continue to operate if price exceeds average variable costs.

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