In Short Run. If a Competitive Firm Incurs Losses, it will

  1. Stop Production
  2.  Continue to produce as long as it can cover its variable costs.
  3.  Raise price of its product
  4.  Go for advertising campaign
Manish Listener Asked on 14th July 2015 in Economics.
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    Continue to produce as long as it can cover it variable costs.

    In Short Run. If a Competitive Firm Incurs Losses, it will continue to produce as long as it can cover its variable costs.

    Monis Rasool Professor Answered on 21st July 2015.
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