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Author Question: If a perfectly competitive firm is currently producing where P= MCand MC= ATC, then the firm will ... (Read 89 times)

jilianpiloj

  • Hero Member
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  • Posts: 521
on: Apr 19, 2019

Question 1

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


◦ positive
◦ zero
◦ negative
◦ break-even

Question 2

If a perfectly competitive firm is currently producing where 
P = 
MC and 
MC = 
ATC, then the firm will earn ________ profits.


◦ positive
◦ zero
◦ negative
◦ above normal
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jilianpiloj on Apr 19, 2019

blakcmamba

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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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jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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