If a firm s price is less than average cost but... - WAEC Economics 2012 Question
If a firm's price is less than average cost but more than part of variable cost, the firm is covering
A
all of its fixed cost and variable cost
B
all of its fixed cost and part of variable cost
C
all of its variable cost and part of fixed cost
D
part of its fixed cost and part of varible cost
correct option: a
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