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Author Question: If the price a firm charges in a perfectly competitive industry is greater than average total cost: (Read 39 times)

neverstopbelieb

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on: Jul 20, 2019
If the price a firm charges in a perfectly competitive industry is greater than average total cost:
◦ the firm is earning an economic profit equal to zero.
◦ the firm is earning an economic profit less than zero.
◦ the firm is earning an economic profit greater than zero.
◦ it is not possible to determine anything about profits.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by neverstopbelieb on Jul 20, 2019

Jadwiga9

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Reply #1 on: Jul 20, 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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neverstopbelieb

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Reply 2 on: Jul 20, 2019
Thanks for the timely response, appreciate it

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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