Economics · Market Structures
Under perfect competition in the short run, a firm will continue to produce as long as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its economic profit is strictly positive
- 2Its total revenue covers its total fixed costs
- 3It is able to recover its total costs
- 4It is able to recover its variable costs✓
Correct answer
It is able to recover its variable costs
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