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Author Question: For a perfectly competitive firm, when P= MC= ATC, the most profit the firm can earn is zero. (Read 106 times)

HudsonKB16

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Question 1

If demand in a perfectly competitive market increases, then an individual firm in that industry will see its profits fall.


◦ true
◦ false

Question 2

For a perfectly competitive firm, when 
P = 
MC = 
ATC, the most profit the firm can earn is zero.


◦ true
◦ false


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Marked as best answer by HudsonKB16 on Apr 19, 2019

SVictor

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SVictor

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