Economy, asked by jahnha, 21 days ago

why might a perfectly competitive firm remain in business in short run even if incurring loss

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Answered by ItzBiGmAFiaBrOthEr

43

Explanation:

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The answer is that shutting down can reduce variable costs to zero, but in the short run, the firm has already committed to pay its fixed costs. As a result, if the firm produces a quantity of zero, it would still make losses because it would still need to pay for its fixed costs.

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