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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
If, in a perfectly competitive industry, the market price facing a firm is above its average total cost at the output where marginal revenue equals marginal cost, then
A) firms are breaking even.
B) new firms are attracted to the industry.
C) existing firms will exit the industry.
D) market supply will remain constant.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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8 years ago
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Tidy Author
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8 years ago
You make an excellent tutor!
annielin111
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Thank you, thank you, thank you!
nsak
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Thanks
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