In Short-Run Equilibrium, a Competitive Price-Taker Firm

question 92

Multiple Choice

In short-run equilibrium, a competitive price-taker firm

• A) may earn a profit or a loss.
• B) always earns a profit.
• C) never earns a profit.
• D) earns a profit only if the firm has no fixed cost.

---

Definitions:

Declaration of Sentiments

A document signed in 1848 at the first women's rights convention, the Seneca Falls Convention, outlining the rights that American women should be entitled to as citizens.

Bloomer

A type of women's clothing that emerged in the mid-19th century, featuring ankle-length trousers gathered at the hem, part of a dress reform movement.