Q. In short run, if a competitive firm incurs losses, it will - (Solved)
1. stop production.
2. continue to produce as long as it can cover its variable costs.
3. raise price of its product.
4. go far advertising campaign.
- a. stop production.
1. stop production.
2. continue to produce as long as it can cover its variable costs.
3. raise price of its product.
4. go far advertising campaign.