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Author Question: A perfectly competitive firm breaks even at the level of output where (Read 91 times)

Sportsfan2111

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on: Apr 19, 2019

Question 1

If a perfectly competitive firm's average total cost curve is above its demand schedule at every level of output, then the firm will earn ________ profits.


◦ positive
◦ break-even
◦ negative
◦ zero

Question 2

A perfectly competitive firm breaks even at the level of output where


◦ P > 
ATC.
◦ P < 
ATC.
◦ P = 
ATC.
◦ P = 
MC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Sportsfan2111 on Apr 19, 2019

scottmt

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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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Sportsfan2111

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Reply #2 on: Apr 19, 2019
Thank you!


scottmt

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Reply #3 on: Apr 19, 2019
Always glad to help...


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