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Profit Maximisation Condition for a Firm

The loss incu...

Question

The loss incurred by a firm is given by ___

A

(P - SAC) x q

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B

(SAC - P) x q

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C

(P - AVC) x q

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D

(AVC - P) x q

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Solution

The correct option is B
(SAC - P) x q

The loss incurred by a firm is given by (SAC-P) x q

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