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Which of the following suggests that a competitive firm earns zero economic profits?

whipped

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7 years ago

Which of the following suggests that a competitive firm earns zero economic profits?

Which of the following suggests that a competitive firm earns zero economic profits?
A) P = MC > ATC
B) P > MC = ATC
C) P = MC = ATC
D) P > MC > ATC

Textbook

Microeconomics

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

Read 75 times

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Sudzbury

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