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Brrunno [24]
2 years ago
6

If a firm in a perfectly competitive market shuts down in the short run, it will:

Business
1 answer:
Fittoniya [83]2 years ago
8 0

Answer:

C. lose money equal to its total fixed costs.

Explanation:

The revenue of a firm in a perfectly competitive market depends on the forces of demand and supply. If such a firm consistently operates at a loss in the short run, it means that its price is lower than its average variable costs or revenues are lower than its total costs. If it shuts down, it won't be incurring variable costs but only lose money equal to fixed costs making choice C correct.

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Answer: Please refer to Explanation

Explanation:

Hello. Your question was not complete as it lacked certain options.

I have attached it to this answer.

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Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out anothe
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Horizontal consolidation is the answer
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Answer:

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Answer:

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Explanation:

Hope this helps! (I just looked it up) Good luck!!

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