$--$ of $3$ points

Question $4$

When will a firm in perfect competition decide to shut down in the short run?

$3$ tries left

A firm will shut down in the short run if at the profitmaximizing quantity,

A$.$ marginal revenue is less than average fixed cost

B$.$ total revenue is less than total cost

C$.$ average total cost exceeds the market price

D$.$ marginal revenue is less than average variable cost$--$ of $3$ points

Question $4$

When will a firm in perfect competition decide to shut down in the short run?

$3$ tries left

A firm will shut down in the short run if at the profitmaximizing quantity,

A$.$ marginal revenue is less than average fixed cost

B$.$ total revenue is less than total cost

C$.$ average total cost exceeds the market price

D$.$ marginal revenue is less than average variable cost