At a perfectly competitive firm's short-run break-even price
A. P > AVC, but P < AFC.
B. TR is more than TC.
C. P = ATC.
D. the average cost is below the total revenue line.
Answer: C
Economics
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A. consumption falls. B. national saving rises. C. the real interest rate falls. D. investment falls.
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All of the following are government imposed quantity restrictions except
A) A ban on a good making it illegal to own the good B) Import quotas C) Licensing certain activities D) Rent controls
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