Solved

If Henry,a Perfectly Competitive Lime Grower in Southern California,can Sell

Question 102

Multiple Choice

If Henry,a perfectly competitive lime grower in Southern California,can sell his limes at a price greater than his average total cost,Henry will


A) incur an economic loss.
B) incur an accounting loss.
C) have an incentive to shut down.
D) make an economic profit.
E) make zero economic profit.

Correct Answer:

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