

McqMate
Q. |
When the price is less than the average variable cost, the firm should …………. |
A. | Continue to operate till the market recover |
B. | Shut down its operation for the time being |
C. | Retrench workers and pay them compensation |
D. | Clear the existing stock at a price less than the prevailing price to beat the competitors |
Answer» B. Shut down its operation for the time being |
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Fundamentals of Economics and ManagementNo comments yet