Main Profile

At A Glance

Perfect competition: A loss

A loss occurs if the price falls below the average cost per unit and total revenue is less than total cost. As long as a firm can cover its variable cost it will continue to produce.
Length: 01:14

Contact

Questions about Perfect competition: A loss

Want more info about Perfect competition: A loss? Get free advice from education experts and Noodle community members.

  • Answer

Ask a New Question