The firm earns an economic profit whenever
A) price is less than average total cost
B) marginal revenue exceeds total revenue
C) average variable cost exceeds total revenue
D) marginal cost minus average cost is positive
E) price is greater than average total cost
Correct Answer:
Verified
Q102: If price exceeds average total cost
A)the firm
Q103: All of the following conditions,except one,will necessarily
Q104: For market prices that are below the
Q105: The difference between price and average total
Q106: If there is an increase in market
Q108: Q109: A firm suffers an economic loss whenever Q110: In the short run, Q111: A firm will shut down if Q112: 
A)price
A)economic profit is always
A)it earns
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