At a perfectly competitive firm's short-run break-even price
A) P = ATC.
B) TR is more than TC.
C) the average cost is below the total revenue line.
D) P > AVC, but P < AFC.
A
Economics
You might also like to view...
One advantage of a floating exchange rate system compared to a fixed or managed float exchange rate system is
A) it is easier for central banks to control inflation. B) there is no need for government intervention. C) it allows greater exchange rate stability. D) it eliminates the possibility of depreciation during a recession.
Economics
The United States has fewer workers than China but has a bigger economy because
A. the United States has more land resources. B. the United States has a larger labor pool. C. the United States has on average more productive workers. D. the United States has a higher growth rate.
Economics