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AndrewKraus AndrewKraus
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6 years ago
In a perfectly competitive market, if market price is lower than the average total cost of production:
A) new firms will enter the market.
B) existing firms will leave the market.
C) all existing firms will earn positive economic profits.
D) all existing firms will earn zero economic profits.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Excellent answer, thx
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