MCQOPTIONS
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| 1. |
In short run, if a competitive firm incurs losses, it will - |
| A. | stop production. |
| B. | continue to produce as long as it can cover its variable costs. |
| C. | raise price of its product. |
| D. | go far advertising campaign. |
| Answer» B. continue to produce as long as it can cover its variable costs. | |