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Profit-Maximising Firms Enter a Competitive Market When

Question 106

Multiple Choice

Profit-maximising firms enter a competitive market when:


A) total revenue for existing firms in the market exceeds their total fixed costs
B) total revenue for existing firms in the market exceeds their total variable costs
C) price exceeds average total cost for existing firms in the market
D) average revenue is less than average total cost for existing firms in the market

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