Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 10 - Pure Competition in the Short Run - Discussion Questions: 3

Answer

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Work Step by Step

Short term losses does not mean that the firm needs to close. After all, sometimes the company has to lose money for a while before the company can begin to make money.
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