A Perfectly Competitive Firm Will Continue to Operate in the Short

question 8

Multiple Choice

A perfectly competitive firm will continue to operate in the short run when the market price is below its average total cost if the

• A) marginal revenue is greater than marginal cost.
• B) price is at least equal to the minimum average variable cost.
• C) total fixed costs are less than total revenue.
• D) marginal cost is minimized.
• E) price is also less than the minimum average variable cost.

---

Definitions:

Motor Starters

Devices used to control the application of power to an electric motor, providing protection and safety mechanisms for the motor and circuit.

Motor Control Center

A centralized assembly of electric motor controls, circuit protectors, and distribution panels that manage the operation of multiple electric motors.

Electric Motor Starters

Devices used to control the initial surge of current when an electric motor is started, protecting the motor from damage due to high currents.

Commercial

Pertaining to business activities, transactions, or establishments primarily focused on profitability.