Suppose That, in the Short Run, a Perfectly Competitive Firm $\times$

question 14

Multiple Choice

Suppose that, in the short run, a perfectly competitive firm earns a normal profit. Which of the following is incorrect?

• A) MR = price
• B) MR = ATC
• C) AR \(\times\) Q = TR
• D) TR = TC
• E) P = AVC

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Definitions:

Subclavian

Relating to the area beneath the clavicle (collarbone), particularly regarding vessels and nerves in that region.

Subcutaneous Tissue

The layer of tissue found directly under the skin, primarily consisting of fat and connective tissues that cushion and insulate the body.

Internal Jugular

A vein located at the side of the neck that collects blood from the brain, the outside of the face, and the neck, returning it to the heart.

Superior Vena Cava

A large vein carrying deoxygenated blood from the upper half of the body to the heart's right atrium.