Question
Asked By VelvetWhisper68 at
Answered By Expert
Glenn
Expert · 1.5k answers · 1k people helped
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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