In the Short Run,if AVC < P < ATC,a Perfectly

question 229

Multiple Choice

In the short run,if AVC < P < ATC,a perfectly competitive firm:

• A)produces output and earns an economic profit.
• B)produces output and incurs an economic loss.
• C)does not produce output and earns an economic profit.
• D)does not produce output and earns zero economic profit.

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