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QUESTION
Some competitive firms are willing to operate at a loss in the short run because A.AVC is less than P.their fixed costs are less than their current...
- Some competitive firms are willing to operate at a loss in the short run because
- A.AVC is less than P.
- B.their fixed costs are less than their current losses.
- C.ATC is less than P.
- D.they do not attempt to maximize profits or minimize losses.
- E.their revenues are at least able to cover their fixed costs.
