Commerce Exam  >  Commerce Questions  >  A competitive firm in the short run incurs lo... Start Learning for Free
A competitive firm in the short run incurs losses. The firm continues production, if?
  • a)
    P=AVC
  • b)
    P>AVC
  • c)
    P<AVC
  • d)
    P>=AVC
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A competitive firm in the short run incurs losses. The firm continues ...
With loss minimization, price exceeds average variable cost but is less than average total cost at the quantity that equates marginal revenue and marginal cost.
In this case, the firm incurs a smaller loss by producing some output than by not producing any output.
View all questions of this test
Most Upvoted Answer
A competitive firm in the short run incurs losses. The firm continues ...
With loss minimization, price exceeds average variable cost but is less than average total cost at the quantity that equates marginal revenue and marginal cost. In this case, the firm incurs a smaller loss by producing some output than by not producing any output.
Free Test
Community Answer
A competitive firm in the short run incurs losses. The firm continues ...
A)p=avc
Explore Courses for Commerce exam

Top Courses for Commerce

Question Description
A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer?.
Solutions for A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A competitive firm in the short run incurs losses. The firm continues production, if?a)P=AVCb)P>AVCc)P<AVCd)P>=AVCCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev