Question
As long as price is sufficient to cover ________, the firm is better off by operating rather than by shutting down. A) marginal cost B)
As long as price is sufficient to cover ________, the firm is better off by operating rather than by shutting down.
A) marginal cost
B) average fixed cost
C) average variable cost
D) marginal revenue
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
