Home / Questions / In a short run a perfect competitive firm will always make an economic profit

In a short run a perfect competitive firm will always make an economic profit

1. In a short run a perfect competitive firm will always make an economic profit if:
a. P = ATC
b. P> AVC
c. P = MC
d. P >ATC

2. In the short run, the individual competitive firm's supply curve is that segment of the:
a. average variable cost curve lying below the marginal cost curve
b. marginal cost curve lying above the average variable cost curve
c. marginal revenue curve lying below the demand curve
d. marginal cost curve lying between the average total cost and the average variable cost curves

Jul 06 2017 Read more Less More

Answer (UnSolved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form