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Author Question: In a perfectly competitive market, if price is greater than average total cost at the level of ... (Read 91 times)

mcmcdaniel

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on: Jul 20, 2019
In a perfectly competitive market, if price is greater than average total cost at the level of output where marginal cost equals marginal revenue:
◦ the firm is earning an economic profit greater than zero.
◦ the firm must be in long-run equilibrium.
◦ the firm is earning an economic profit less than zero.
◦ We cannot determine whether the firm is earning positive or negative profits.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by mcmcdaniel on Jul 20, 2019

ong527

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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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mcmcdaniel

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Reply #2 on: Jul 20, 2019
Thank you!


ong527

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Reply #3 on: Jul 20, 2019
Always glad to help...


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