Multiple Choice
Which of the following is true regarding the cost curves faced by a firm?
A) when MC > ATC,AVC must be falling
B) when MC > AVC,ATC must be rising
C) when MC > ATC,ATC must be rising
D) MC and ATC are the same for a perfectly competitive firm
E) when MC is a horizontal line,price is constant
Correct Answer:
Verified
Correct Answer:
Verified
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