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nguyenduong67 nguyenduong67
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6 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) making a zero economic profit.
B) suffering an economic loss.
C) making a positive 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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6 years ago
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nguyenduong67 Author
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6 years ago
Thank you, thank you, thank you!
loki1345
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You make an excellent tutor!
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This calls for a celebration Person Raising Both Hands in Celebration
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