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Author Question: If a perfectly competitive firm is maximizing its profit and is making an economic profit, which of ... (Read 350 times)

khang

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on: May 24, 2019
If a perfectly competitive firm is maximizing its profit and is making an economic profit, which of the following is correct?
i.Price equals marginal revenue.
ii.Marginal revenue equals marginal cost.
iii.Price is greater than average total cost.

◦ i only
◦ i and ii only
◦ ii and iii only
◦ i and iii only
◦ i, ii, and iii
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by khang on May 24, 2019

Bsand8

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Reply #1 on: May 24, 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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khang

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Reply #2 on: May 24, 2019
TY


Bsand8

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Reply #3 on: May 24, 2019
You're welcome


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