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If a Firm Is Able to Cover Its Variable Costs

Question 44

Multiple Choice

If a firm is able to cover its variable costs by operating in the short run then,at its best output level,the


A) marginal revenue is equal to marginal cost
B) vertical distance between MR and MC is maximized
C) vertical distance between TR and TC is minimized
D) marginal cost curve lies above the marginal revenue curve
E) marginal cost curve is minimized

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