Price Taking Producers Make Zero Economic Profit When Price Falls

question 30

Multiple Choice

Price taking producers make zero economic profit when price falls

• A)at the lowest point of the average cost curve
• B)at the point where marginal cost crosses average cost
• C)at the lowest point of the marginal cost curve
• D)both (a) and (b)
• E)both (a) and C
• F)both (b) and (c)
• G)All of the above
• H)None of the above

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