This graph shows the cost functions of Moe's mushroom gathering business,which is perfectly competitive.
When the market price of mushrooms is $40 per bushel,if Moe chooses the profit maximizing quantity he will

Question

This graph shows the cost functions of Moe's mushroom gathering business,which is perfectly competitive. 
When the market price of mushrooms is $40 per bushel,if Moe chooses the profit maximizing quantity he will

Quizplus · Accepted Answer

When price is less than ATC at the profit-maximizing quantity he will experience a loss.

This Graph Shows the Cost Functions of Moe's Mushroom Gathering