A Perfectly Competitive Firm Will Earn a Profit in the Short

question 45

Multiple Choice

A perfectly competitive firm will earn a profit in the short run when it produces the profit-maximizing quantity of output and the price is:

• A)greater than marginal cost.
• B)less than marginal cost.
• C)less than average variable cost.
• D)greater than average total cost.

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The scientific study of human behavior and mental processes, including both their variability and invariance, under diverse cultural conditions.

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