Provided that the market price is greater than AVC, the profit-maximizing quantity for a competitive firm to set in the short run is that quantity at which the price received __________________ the marginal cost of production.
A) is equal to
B) is greater than
C) is less than

Question

Quizplus · Accepted Answer

The Answer is A

Provided That the Market Price Is Greater Than AVC, the Profit-Maximizing