When Revenue Is Less Than Total Cost but More Than

When revenue is less than total cost but more than variable cost it implies:

A) the firm is enjoying positive economic profits.
B) the firm is earning normal profits.
C) the firm can cover its variable cost and a part of its fixed costs.
D) the firm is unable to cover its costs and should shut down.
E) the firm is able to cover all its fixed and variable costs.

Correct Answer:

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