Multiple Choice
In a perfectly competitive market,when price is equal to the
A) Minimum short-run average total cost,it has reached the shutdown point.
B) Minimum average variable cost,economic profit is zero.
C) Marginal cost,accounting profit is maximized.
D) Minimum average total cost,economic profit is zero.
Correct Answer:
Verified
Correct Answer:
Verified
Q123: The price consumers pay for a product
Q124: High profits in a particular industry indicate
Q125: If price is below the long-run competitive
Q126: Marginal cost pricing in competitive markets results
Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 23.3,diagram
Q129: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q130: Technological improvements cause<br>A)ATC to shift down.<br>B)The supply
Q131: If catfish farmers expect catfish prices to
Q132: Which of the following is not a
Q133: If long-run economic losses are being experienced