What you’ll learn to do: determine the break-even, and the shutdown points of production for a perfectly competitive firm
In this outcome, you will see why it is sometimes advantageous for a firm to continue producing even when it is experiencing losses.
The learning activities for this section include:
- Reading: The Shutdown Point
- Self Check: The Shutdown Point
Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.