Which of the Following Is True Regarding the Cost Curves

question 36

Multiple Choice

Which of the following is true regarding the cost curves faced by a firm?

• A)when MC > ATC,AVC must be falling
• B)when MC > AVC,ATC must be rising
• C)when MC > ATC,ATC must be rising
• D)MC and ATC are the same for a perfectly competitive firm
• E)when MC is a horizontal line,price is constant

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