Refer to the information provided in Figure 9.7 below to answer the questions that follow. Figure 9.7
-Refer to Figure 9.7. In which of the following price ranges will the firm continue to operate but at a loss?
A) $5-$6
B) $6-$7
C) $7-$8
D) $8-$9

Question

Refer to the information provided in Figure 9.7 below to answer the questions that follow.  Figure 9.7
-Refer to Figure 9.7. In which of the following price ranges will the firm continue to operate but at a loss?
A) $5-$6 
B) $6-$7 
C) $7-$8 
D) $8-$9

Quizplus · Accepted Answer

The firm will continue to operate at a loss if the price is between $6 and $7. At this price range, the firm's total revenue is less than its total cost.

Refer to the Information Provided in Figure 9