[Answered] A perfectly competitive firm's profit per unit of output equals a. price minus average variable ...

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soccerdreamer_17

Hero Member
Posts: 552

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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Marked as best answer by a Subject Expert

pami445

Sr. Member
Posts: 303

Reply #1 on: Jun 30, 2018

Answer to Question 1

E

Answer to Question 2

B

soccerdreamer_17

Member
Posts: 552

Reply 2 on: Jun 30, 2018

Gracias!

AngeliqueG

Member
Posts: 343

Reply 3 on: Yesterday

Great answer, keep it coming

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