A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its:
A. total variable costs.
B. total costs.
C. total fixed costs.
D. marginal costs.
Answer: A
Economics
You might also like to view...
When the Fed wants to decrease US interest rates it will buy US treasury bonds
a. true b. false
Economics
A state of rational ignorance
A) is a reflection of too little education. B) makes sense only if information is a free good. C) exists only in ideal representative democracies. D) makes sense when the costs of becoming informed are greater than the benefits. E) none of the above
Economics