If price is less than average total cost,a firm
A) earns an economic profit
B) hires additional workers
C) moves its factory offshore
D) fires the marginal worker
E) suffers an economic loss
Correct Answer:
Verified
Q110: In the short run,
A)economic profit is always
Q111: A firm will shut down if
A)it earns
Q112: Q113: In the short run,a perfectly competitive firm Q114: The entire marginal cost curve for a Q116: Justina operates in a perfectly competitive market.Which Q117: The perfectly competitive firm's supply curve includes Q118: The portion of the marginal cost curve Q119: In the short run,each firm in a Q120: If a perfectly competitive firm cannot avoid
A)that
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