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Author Question: A perfectly competitive firm's profit per unit of output equals a. price minus average variable ... (Read 68 times)

soccerdreamer_17

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on: Jun 30, 2018
A perfectly competitive firm's profit per unit of output equals
 a. price minus average variable cost
  b. price minus marginal cost
  c. total revenue minus total cost
  d. price times quantity
  e. price minus average total cost

Question 2

Monopolists always earn positive short-run economic profit.
 a. True
  b. False


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pami445

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


soccerdreamer_17

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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