Assume that for an individual firm MC = AVC at $6 and MC = ATC = $10 and MC = price = $12,then the firm will be operating:
A) at a loss.
B) where economic profits are negative.
C) at a point where firms will leave the market.
D) where economic profits are positive.
Correct Answer:
Verified
Q69: Which of the following is consistent with
Q70: In a competitive market where firms are
Q71: When a new firm enters a market,it:
A)
Q72: Which of the following is a determinant
Q73: Ceteris paribus,if the cost of paper increases
Q75: Market supply in a competitive market is
Q76: In a perfectly competitive market with positive
Q77: In a long-run competitive market equilibrium:
A) Price
Q78: In long-run competitive market equilibrium,price equals _
Q79: If the cost of production rises for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents