The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.1

-A perfectly competitive firm produces 50 units of output, at equilibrium, in the short run. The total cost borne by the firm is $300 and the average revenue is $2. Therefore, the firm:
A) is just breaking even.
B) is earning positive profits.
C) is facing a positively sloped demand curve.
D) is suffering losses.
E) is experiencing diseconomies of scale.
Correct Answer:
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Q31: The figure given below shows the revenue
Q32: The table given below shows the total
Q33: The table given below shows the price
Q34: The table given below shows the price
Q35: The figure given below shows the revenue
Q37: The table given below shows the total
Q38: The table given below shows the price
Q39: The figure given below shows the revenue
Q40: The table given below shows the total
Q41: The figure given below shows the revenue
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