When Price Exceeds Average Variable Cost for a Firm,it Is

question 30

Multiple Choice

When price exceeds average variable cost for a firm,it is possible that:

• A) it is earning an economic profit.
• B) it is breaking even.
• C) it is suffering an economic loss.
• D) any of the above is true.

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A law enacted by the U.S. Congress in 1976 to regulate the introduction of new or already existing chemicals.

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