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Home Q & A Board Other Fields Homework Help Business Economics
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sinerus sinerus
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7 years ago
If a profit-maximizing firm in a perfectly competitive market is currently producing the output where (price - average variable cost) > average fixed cost, the firm is
A) suffering an economic loss.
B) making a positive economic profit.
C) making a zero economic profit.
D) none of the above
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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7 years ago
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