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A producer sustains a loss in the short run if
Question 1
Report
A producer sustains a loss in the short run if
marfinal revenue is less than price
price is less than average cost
average variable cost is less than average cost
marginal cost is less than marginal revenue
Answer Details
Read lesson note on Theory Of Price Determination (WAEC)
Read lesson note on Market Structures (WAEC)
Theory Of Price Determination
Market Structures
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