Home / Expert Answers / Economics / a-perfectly-competitive-firm-in-the-short-run-has-a-minimum-mathrm-avc-3-and-a-minimum-pa557

(Solved): A perfectly competitive firm in the short run, has a minimum \( \mathrm{AVC}=\$ 3 \) and a minimum ...



A perfectly competitive firm in the short run, has a minimum \( \mathrm{AVC}=\$ 3 \) and a minimum \( \mathrm{ATC}=\$ 5 \). I

A perfectly competitive firm in the short run, has a minimum \( \mathrm{AVC}=\$ 3 \) and a minimum \( \mathrm{ATC}=\$ 5 \). If the price, \( \mathrm{P}=\$ 4 \), which of the statements below is TRUE? The firm should shutdown. The firm is making a profit. The firm should operate in the short run, but exit in the long run. The firm should operate in both the short and long run.


We have an Answer from Expert

View Expert Answer

Expert Answer


option C : The
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe