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Question

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Multiple Choice Question A firm sustains a loss if: $T R>T C$ $M R=M C$ $\mathrm{TR}<\mathrm{TC}$. $T R=T C$

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Glenn

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Solution By Steps

Step 1: Identify the key information in the question

The question states that a firm sustains a loss if a certain condition is met. We need to determine which of the given options represents this condition.

Step 2: Evaluate the provided options

The options are:

TR > TC

TR = MC

TR < TC

TR = TC

Step 3: Determine the correct answer

The correct answer is “TR < TC”, as this represents the condition where the firm sustains a loss (total revenue is less than total cost).

Final Answer

The correct answer is TR < TC.

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