If P > ATC for a perfectly competitive firm,then
A) the firm could increase profit by lowering its price
B) the firm could increase profit by raising its price
C) the firm is producing too much output
D) the firm is making a profit
E) profits are zero in the short run
Correct Answer:
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Q89: Which of the following formulas represents total
Q90: If price equals average total cost at
Q91: Q92: Q93: Flora's Flowers operates in a perfectly competitive Q95: Which of the following is true regarding Q96: Profit per unit of output is 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
A)price minus
