a-firm-in-a-perfectly-competitive-market-is-considering-shutting-down-in-the-sho

Question

A firm in a perfectly competitive market is considering shutting down in the short run. What should it evaluate before making this decision?

Accepted Answer

Whether its total revenue covers its total variable costs.

Answer

Whether its total revenue covers its opportunity costs.

Answer

Whether its total revenue covers its total fixed costs.

Answer

Whether its total revenue covers its total costs.