A firm will continue producing in the short run even if it is making a loss, providing
Question:
A firm will continue producing in the short run even if it is making a loss, providing it can cover its variable costs. Explain why. Just how long will it be willing to continue making such a loss?
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Its fixed costs have already been incurred Provided therefore that it can cove...View the full answer
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Related Book For 
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
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