If a perfect competitor's ATC curve is above its demand curve for every possible output the firm is
A) losing money in the short run.
B) losing money in the long run.
C) making a profit in the short run.
D) making a profit in the long run.
Correct Answer:
Verified
Q153: Which statement is true?
A)The firm is making
Q175: The perfect competitor's horizontal demand curve illustrates
A)perfect
Q176: If marginal cost is greater than marginal
Q177: A profit-maximizing perfect competitor will _ operate
Q178: If a perfect competitor is taking an
Q179: Which statement is false?
A)The perfect competitor is
Q181: Comparing the shape of the industry and
Q182: The profit-maximizing/loss-minimizing level of output
A)is 70 units.
B)is
Q183: Licenses,long-term contracts,and patents
A)help create perfect mobility in
Q185: The firm's most efficient output would be
A)50.
B)80.
C)90.
D)100.
E)120.
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