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If Price Is Equal to Average Variable Cost, a Perfectly

question 135

True/False

If price is equal to average variable cost, a perfectly competitive firm breaks even.


Definitions:

Positive Attitude

A mental outlook that focuses on the good and expects positive outcomes.

Dependability

The quality of being reliable, trustworthy, and consistent in performance or presence.

Reliable

Dependable, can be relied upon.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

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