If ATC = $20,AVC = $12,MR = $15 and MC

question 64

Multiple Choice

If ATC = $20,AVC = $12,MR = $15 and MC = $15,then the result for the perfectly competitive firm would be:

• A)making a short-run loss.
• B)making a short-run profit.
• C)breaking even.
• D)shutting down.
• E)unclear as there is not enough information.

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