In a Perfectly Competitive Market,when Price Is Equal to the

question 128

Multiple Choice

In a perfectly competitive market,when price is equal to the

• A)Minimum short-run average total cost,it has reached the shutdown point.
• B)Minimum average variable cost,economic profit is zero.
• C)Marginal cost,accounting profit is maximized.
• D)Minimum average total cost,economic profit is zero.