In the short run, the selling price of a product should normally not be less than the variable costs and expenses of making and selling it.

Name: In the short run, the selling price of a product should normally not be less than the variable costs and expenses of making and selling it.
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Quizplus · Accepted Answer

In the short run, selling a product for less than its variable costs and expenses would mean the company is not covering these costs, leading to losses on each unit sold. This is unsustainable for maintaining operations.

In the Short Run, the Selling Price of a Product