If Price Is Above Average Total Cost at the Output

question 334

True/False

If price is above average total cost at the output where marginal revenue equals marginal cost, a firm will earn positive economic profits.

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Definitions:

Chemical Carcinogen

A substance or agent that can cause cancer by altering cellular metabolism or damaging DNA directly in cells.

Viral Carcinogen

A virus capable of causing cancer by inducing uncontrolled cell growth through the infection of host cells.

Physical Carcinogen

A substance or exposure that physically causes cancer to develop in living tissue.

Familial Carcinogenesis

The process by which cancer is formed, influenced, or increased due to genetic predispositions within families.