A firm's long-run decision to enter in or exit from a market depends upon firm's ability to manage total revenue (TR), total cost (TC), quantity produced (Q), average total cost (ATC) and price of the goods (P). Which among the following is best suited for an entrepreneur interested to enter in a market?
1
if TR < TC
2
if TR/Q < TC/Q
3
if P > ATC
4
if P < ATC