Multiple Choice
Use the following scenario to answer the following questions:
Chuck Diesel Burger is a food truck in Houston,Texas.Imagine that Chuck Diesel Burger's minimum average total cost (ATC) is $3.75 and that its minimum average variable cost (AVC) is $2.50.Assume there are no barriers to enter into or exit from the food-truck market.
-Refer to the accompanying table.A firm participating in a competitive market with these costs would be making a profit if the price is
A) $6.
B) $8.
C) $4.
D) $2.
E) either $6 or $8.
Correct Answer:

Verified
Correct Answer:
Verified
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