Question
If a competitive firm is in the short run equilibrium, then a. An increase in its fixed cost will have no effect on output as
If a competitive firm is in the short run equilibrium, then
a. An increase in its fixed cost will have no effect on output as long as revenue can cover variable cost.
b. An increase in its fixed cost will have no effect on profit.
c. It will not operate at a loss
d. Profits equal zero
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
