Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Retnec Retnec
wrote...
Go to Answer
Posts: 1082
Rep: 5 0
7 years ago
In pure competition, the representative firm
A) tends to just "break even" in long-run equilibrium.
B) may realize an economic profit, a normal profit, or an economic loss in the long run.
C) will produce at the output where price equals average total cost.
D) will always produce at the output where ATC is minimized.
E) will shut down if it cannot cover all costs of production.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
Read 47 times
2 Replies
Replies
Answer verified by a subject expert
foliogefolioge
wrote...
#1
Top Poster
Posts: 604
Rep: 5 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Retnec Author
wrote...
#2
7 years ago
Thanksss
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1725 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4491
  
 851
  
 1385
Your Opinion
What's your favorite coffee beverage?
Votes: 303
Previous poll results: What's your favorite math subject?