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Question Practice

During the short run, if price drops below average variable cost, what will firms do?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

During the short run, if price...

Single Answer MCQ
Q-00089561

During the short run, if price drops below average variable cost, what will firms do?

1

Continue to operate

2

Increase production

3

Shut down production

4

Decrease prices

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