A Positive Markup Is Earned by a Firm If Its

question 198

Multiple Choice

A positive markup is earned by a firm if its

• A) price exceeds its marginal cost.
• B) marginal revenue equals marginal cost.
• C) price equals marginal cost.
• D) price equals average total cost.

---

Definitions:

Thinking About Thinking

Also known as metacognition, it refers to the awareness and management of one's own cognitive processes.

Immune Systems

Complex networks of cells, tissues, organs, and the substances they produce that helps the body fight infections and other diseases.

Minor Infections

Infections that are usually mild, often easily treated or resolving on their own, such as a common cold or a minor wound infection.

Overprotected

Describes an individual, usually a child, who is guarded from potential risks or dangers to an extent that may limit their development or independence.