Firms Will Always Suffer a Loss Only If the Price

question 130

Multiple Choice

Firms will always suffer a loss only if the price they charge is

• A) less than their minimum average total cost (ATC).
• B) equal to their minimum average variable cost (AVC).
• C) greater than their minimum average variable cost (AVC).
• D) greater than their minimum average total cost (ATC).
• E) equal to their minimum average total cost (ATC).

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