If a Perfectly Competitive Firm Finds That the Price Exceeds

question 122

Multiple Choice

If a perfectly competitive firm finds that the price exceeds its ATC,then the firm

• A) will raise its price to increase its economic profit.
• B) will lower its price to increase its economic profit.
• C) is making an economic profit.
• D) is incurring an economic loss.
• E) is making zero economic profit.

---

Definitions:

Linguistically Diverse

Characterized by a variety of languages spoken by a group or community's members.

School Stakeholders

Individuals or groups with an interest in the success and welfare of a school, including students, parents, teachers, and the community.

Poverty Rate

The proportion of a population living below the national poverty line, reflecting the percentage of people who cannot afford basic needs like food, shelter, and clothing.

Head Start Model

A program in the United States that provides comprehensive education, health, nutrition, and parent involvement services to low-income children and their families.