For a perfectly competitive sugar producer in Haiti, a short-run economic profit will occur if the price of each ton of sugar sold is
A) greater than the average total cost of producing sugar.
B) equal to the average total cost of producing sugar.
C) less than the average total cost of producing sugar.
D) rising as more sugar is sold.
E) greater than the marginal revenue of each ton of sugar.
A
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With which choice are you more likely to avoid Bid-rigging cartels?
a. Holding smaller auctions b. Holding larger auctions c. Holding infrequent auctions d. Both B&C
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