A perfectly competitive firm will earn a profit and will continue producing the profit-maximizing quantity of output in the short run if the price is:
A.greater than the average fixed cost.
B.less than marginal cost.
C.greater than average variable cost, but less than average total cost.
D.greater than average total cost.

Question

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The Answer of A perfectly competitive firm will earn a profit and will continue producing the profit-maximizing quantity of output in the short run if the price is:
A.greater than the average fixed cost.
B.less than marginal cost.
C.greater than average variable cost, but less than average total cost.
D.greater than average total cost.

A Perfectly Competitive Firm Will Earn a Profit and Will