Why would a firm that incurs losses choose to produce rather than shut down?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:22 AM

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Why would a firm that incurs losses choose to produce rather than shut down?

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Losses occur when revenues do not cover total costs If revenues a...View the full answer

Microeconomics

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