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 [...].
Answer
total fixed costs
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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
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not learned
measured difficulty
37% [default]
last interval [days]
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