Multiple Choice Questions on What condition must hold for a firm to continue producing in the short run if p gt AVC ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

What condition must hold for a firm to continue producing in the short run if p gt AVC ........

Economics (CUET) Theory of firm under perfect Competition
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    What condition must hold for a firm to continue producing in the short run if p > AVC?
    MR > MCIncorrect Answer
    TR = TCIncorrect Answer
    p = MCCorrect Answer
    p < LRACIncorrect Answer
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    Explanation:

    In the short run, if price is greater than AVC and equals MC,

    the firm will continue producing.

    By: Parveen Bansal
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