In short-run equilibrium of a monopolistic, a plant will be shut down only if
A. Loss is equal to its fixed cost
B. Loss is more than its fixed cost
C. Profit is more than its fixed cost
D. all of the above
Answer:B
In short-run equilibrium of a monopolistic, a plant will be shut down only if
A. Loss is equal to its fixed cost B. Loss is more than its fixed cost C. Profit is more than its fixed cost D. all of the above