In the Short Run, a Perfectly Competitive Firm Earning Positive

question 28

Multiple Choice

In the short run, a perfectly competitive firm earning positive economic profit is:

• A) on the downward-sloping portion of its ATC.
• B) at the minimum of its ATC.
• C) on the upward-sloping portion of its ATC.
• D) above its ATC.
• E) below its ATC.

---

Definitions:

Validity Scale

A validity scale assesses the accuracy and truthfulness of test responses to ensure the results are meaningful and reliable.

F (Infrequency)

A scale or measure used in psychological testing to identify rare or unusual responses in self-report assessments, indicating possible attempt to distort or fake responses.

K (Correction)

A statistical correction factor used in reliability studies to compensate for the effects of test length on the reliability coefficient.

Beck Anxiety Inventory

A self-reported questionnaire used to assess the severity of anxiety symptoms.