Price Taking Producers Make Zero Economic Profit When Price Falls

Multiple Choice

Price taking producers make zero economic profit when price falls

A) at the lowest point of the average cost curve
B) at the point where marginal cost crosses average cost
C) at the lowest point of the marginal cost curve
D) both (a) and (b)
E) both (a) and C
F) both (b) and (c)
G) All of the above
H) None of the above