perfect competition, prices: a firm may continue to operate in the short run with economic losses as long as [what about the price?]because the losses are less than total fixed costs.
perfect competition, prices: a firm may continue to operate in the short run with economic losses as long as [what about the price?]because the losses are less than total fixed costs.
perfect competition, prices: a firm may continue to operate in the short run with economic losses as long as [what about the price?]because the losses are less than total fixed costs.
Answer
price is greater than AVC
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it A firm may continue to operate in the short run with economic losses as long as price is greater than AVC because the losses are less than total fixed costs.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p89
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
Do you want to join discussion? Click here to log in or create user.