Perfectly competitive firm makes a profit if
a) average total cost is less than the value of t...
Perfectly competitive firm makes a profit if
a) average total cost is less than the value of the intersection of marginal cost and marginal revenue.
b) average total cost is greater than the value of the intersection of marginal cost and marginal revenue.
c) average variable cost is less than the value of the intersection of marginal cost and marginal revenue.
d) average variable cost is greater than the value of the intersection of marginal cost and marginal revenue.
Answers: 2
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