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Author Question: If P= MCand MC< ATC, then a perfectly competitive firm will earn ________ profits. (Read 106 times)

jon_i

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on: Apr 19, 2019

Question 1

A perfectly competitive firm ________ at the level of output where 
P = 
ATC.


◦ earns an economic profit
◦ suffers an economic loss
◦ breaks even
◦ shuts down

Question 2

If 
P = 
MC and 
MC <
ATC, then a perfectly competitive firm will earn ________ profits.


◦ positive
◦ zero
◦ negative
◦ break-even
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jon_i on Apr 19, 2019

aliotak

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jon_i

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Reply #2 on: Apr 19, 2019
Excellent


aliotak

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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