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
Correct Answer:
Verified
Q101: If a business ignores some of its
Q102: A profit-maximising firm's short-run shut down criterion
Q103: Graph 14-5 Q104: Graph 14-6 Q105: Graph 14-6 Q107: A profit-maximising firm that is showing losses Q108: A production cost that has already been Q109: Which of the following statements best reflects Q110: Prawns Galore, a prawn harvesting business in Q111: Graph 14-5 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![]()
![]()
![]()
![]()