For a perfectly competitive sugar producer in Haiti,a short-run economic profit will occur if the price of each ton of sugar sold is

Question

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In a perfectly competitive market, firms will continue to produce in the short-run as long as the price covers the average variable costs. However, to make an economic profit, the price must exceed the average total cost, which includes both variable and fixed costs. Therefore, a short-run economic profit will occur if the price of each ton of sugar sold is greater than the average total cost of producing sugar.

For a Perfectly Competitive Sugar Producer in Haiti,a Short-Run Economic