Firms Will Make a Profit in the Long Run or Short

question 117

Multiple Choice

Firms will make a profit in the long run or short run if the price is:

• A)equal to marginal revenue.
• B)greater than ATC.
• C)less than MC.
• D)greater than AVC.

---

Definitions:

Pain

A distressing feeling and emotional response linked to real or possible damage to body tissues.

Neuroticism

A personality trait that predisposes individuals to experience negative emotions such as anxiety, anger, or depression more frequently and intensely than average.

Achievement Motivation

The desire to accomplish something significant, excel, and reach high standards of performance.

Fear of Failure

The pervasive apprehension about failing to meet standards or achieve goals, which can significantly inhibit one's willingness to take risks or try new tasks.