In the short run, a perfectly competitive firm earning positive economic profit is:
A) on the downward-sloping portion of its ATC.
B) at the minimum of its ATC.
C) on the upward-sloping portion of its ATC.
D) above its ATC.
E) below its ATC.

Question

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The Answer of In the short run, a perfectly competitive firm earning positive economic profit is:
A) on the downward-sloping portion of its ATC.
B) at the minimum of its ATC.
C) on the upward-sloping portion of its ATC.
D) above its ATC.
E) below its ATC.

In the Short Run, a Perfectly Competitive Firm Earning Positive