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Presentation
Question

Answer

Revenue–Cost Relationship	Short-Run Decision	Long-Term Decision

TR < TVC	[...]	[...]

Revenue–Cost Relationship	Short-Run Decision	Long-Term Decision

TR < TVC	[...]	[...]

Revenue–Cost Relationship	Short-Run Decision	Long-Term Decision

TR < TVC	[...]	[...]

Parent (intermediate) annotation

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Revenue–Cost Relationship Short-Run Decision Long-Term Decision TR ≥ TC Stay in market Stay in market TR > TVC but TR < TFC + TVC Stay in market Exit market TR < TVC Shut down production to zero Exit market

Original toplevel document

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When total revenue is enough to cover total variable cost but not all of total fixed cost, the firm can survive in the short run but will be unable to maintain financial solvency in the long run. Exhibit 21 <span>Revenue–Cost Relationship Short-Run Decision Long-Term Decision TR ≥ TC Stay in market Stay in market TR > TVC but TR < TFC + TVC Stay in market Exit market TR < TVC Shut down production to zero Exit market <span><body><html>

Summary

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Details

No repetitions

Discussion

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