menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 10: The Firm and the Industry Under Perfect Competition
  5. Question
    If a Firm Sells Its Output at a Price Greater
Solved

If a Firm Sells Its Output at a Price Greater

Question 62

Question 62

True/False

If a firm sells its output at a price greater than AC, it will earn economic profit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: Perfectly competitive markets feature relatively high barriers

Q58: When a firm leaves a perfectly competitive

Q59: A perfectly competitive firm is a price<br>A)giver.<br>B)taker.<br>C)maker.<br>D)leader.

Q60: In the short run, if price is

Q61: The long-run supply curve of an industry

Q63: Figure 10-3<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-3 ​

Q64: A firm will shut down in the

Q65: Entry by new firms into a perfectly

Q66: Perfect competition is characterized by numerous firms.

Q67: If government forced a firm to charge

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines