A monopolistically competitive firm makes positive economic profits if ________.

tuggy

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6 years ago

A monopolistically competitive firm makes positive economic profits if ________.

A monopolistically competitive firm makes positive economic profits if ________.
A) price is less than average total cost
B) price is higher than average total cost
C) price equals marginal cost
D) price equals average fixed cost

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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tuggy Author

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Thanks

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Helped a lot

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this is exactly what I needed

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