In the long run the firm will operate if total revenue is at
In the long run, the firm will operate if total revenue is at least equal to the
In the long run, the firm will operate if total revenue is at least equal to the
Solution
In the long run, the firm will operate if total revenue is at least equal to the total cost.
Since this is a breakeven point for a firm at which it is earning normal profit or minimum profit to keep the firm in the industry in the long run. Here the firm is not exactly receiving an economic profit nor incurring an economic loss.
