A firm should continue to operate even at a loss in the short run if:
A. Its output is above the break-even point
B. Its revenues are less than its fixed costs
C. It can cover its variable costs and some of its fixed costs
D. It has some fixed costs that cannot be brought down to zero
C. It can cover its variable costs and some of its fixed costs
Economics
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The optimal level of air quality will increase if
a. the cost of polluting increases b. pollution is found to be self-absorbing c. a new process allows pollution to be removed more cheaply d. the marginal social cost of air quality increases e. the marginal social benefit of air quality decreases
Economics
Pillar(s) of the planned socialist economy:
a. State ownership b. Planned resource allocation c. Leading role of the party d. All of the above e. None of the above
Economics