As long as the market price remains above a firm's average total cost, and the firm chooses to produce at the profit-maximizing level of output, the firm will:

Question

Quizplus · Accepted Answer

When the market price is above a firm's average total cost, and the firm is producing at the profit-maximizing level of output, it means the firm is selling its product for more than it costs to make it, resulting in positive profits.

As Long as the Market Price Remains Above a Firm's