If the perfect competitor is taking a loss,its output will be _______ it's most efficient output.

A) greater than
B) equal to
C) less than

Question

If the perfect competitor is taking a loss,its output will be _______ it's most efficient output.A) greater thanB) equal toC) less than

Maxine Walker · Accepted Answer

Final Answer : C, Explanation :  If a perfect competitor is taking a loss, it means that its total cost of production is higher than the total revenue it generates. Therefore, the perfect competitor should reduce its output to minimize its losses. This means that its output will be less than its most efficient output.

If the perfect competitor is taking a loss,its output will be _______ it's most efficient output.

A) greater than
B) equal to
C) less than

Definitions

Learning Objectives

Learning Objectives

Related questions