When price and marginal cost are equal for a perfectly competitive fırm, the firm is O earning negative economic profit. O maximizing economic profit. O maximizing total revenue. minimizing average total cost.
When price and marginal cost are equal for a perfectly competitive fırm, the firm is O earning negative economic profit. O maximizing economic profit. O maximizing total revenue. minimizing average total cost.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Perefect Competition
Section: Chapter Questions
Problem 5SQP
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![When price and marginal cost are equal for a perfectly competitive firm, the firm is
O earning negative economic profit.
maximizing economic profit.
O maximizing total revenue.
O minimizing average total cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F902e7e06-dd9d-47fe-961b-7a721406cdf1%2F4159172a-11da-46e0-8421-ef217867bd1d%2Ffw4ign6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:When price and marginal cost are equal for a perfectly competitive firm, the firm is
O earning negative economic profit.
maximizing economic profit.
O maximizing total revenue.
O minimizing average total cost.
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