Which of the following will cause the purely competitive firm to stop operations? A. the price can no longer cover the variable cost B. the price can cover the variable cost and half of the fixed cost C. the price can cover both the variable and the fixed costs but there is no economic profit D. the firm is realizing economic profit E. no correct answer

Which of the following will cause the purely competitive firm to stop operations? A. the price can no longer cover the variable cost B. the price can cover the variable cost and half of the fixed cost C. the price can cover both the variable and the fixed costs but there is no economic profit D. the firm is realizing economic profit E. no correct answer

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 10SQP

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