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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 117 times)

HudsonKB16

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on: Apr 19, 2019

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
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by HudsonKB16 on Apr 19, 2019

SVictor

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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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HudsonKB16

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


SVictor

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


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