When a Firm's Demand Curve Is Tangent to Its Average

question 543

Multiple Choice

When a firm's demand curve is tangent to its average total cost curve, the

• A)firm's economic profit is zero.
• B)firm must be earning economic profits.
• C)firm must be incurring economic losses.
• D)firm must be operating at its efficient scale.

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Definitions:

Peers Reject

The phenomenon where individuals are excluded or not accepted by their peer group.

Bullies

refers to individuals who seek to harm or intimidate those who are perceived as vulnerable, often through repeated aggressive behavior.

Low on Empathy

Describes an individual's reduced ability to understand or share the feelings of others.

Popularity

The state or condition of being liked, admired, or supported by a large number of people.