In the Short Run a Competitive Firm Is Said to Break-Even

question 110

Multiple Choice

In the short run a competitive firm is said to break-even if,at the equilibrium:

• A)price is equal to marginal revenue.
• B)price is equal to average revenue.
• C)price is equal to average variable cost.
• D)price is equal to the average total cost.
• E)price is equal to marginal cost.

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Definitions:

Company Policies

Set rules and guidelines created by a business to regulate and direct employees' actions and behaviors in the workplace.

Policies

Formal guidelines or principles that guide decision-making and behaviors within an organization.

Fairly and Objectively

In a manner that is impartial, just, and based on facts, ensuring equal and unbiased consideration.

Organizations

Structured groups of people working together towards common goals or objectives, often within a formally established framework.