When price and marginal cost are equal for a perfectly competitive firm, the firm isO earning negative economic profit.maximizing economic profit.O maximizing total revenue.O minimizing average total cost.

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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.

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