A firm is indifferent between staying in business and shutting down in the short run when, at the loss-minimizing level of output,
a. total revenue equals total cost
b. average total cost is at its minimum
c. total revenue exceeds total cost
d. total revenue equals total variable cost
e. total variable cost equals total cost
D
Economics
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The two basic reasons why a monopoly exists are barriers to entry and cost advantages
a. True b. False Indicate whether the statement is true or false
Economics