Ask Question
27 October, 07:57

In the long run, if price is below the average variable cost, the perfect competitive firm should

+3
Answers (1)
  1. 27 October, 10:23
    0
    The perfect competitive firm should shut down because it is evidence that the generated revenue can not meet or offset the variable cost of production.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In the long run, if price is below the average variable cost, the perfect competitive firm should ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers