Mathematics, 12.05.2021 20:20 rouchedavisin4

If profit is as high as possible and normal economic profits are being earned, which of the following is true? Choose 1 А P > ATC(Q) and MR(Q) = MC(Q) B P > ATC(Q) and MR(Q) > MC(Q) С P = ATC(Q) and MR(Q) > MC(Q) D P< ATC(Q) and MR(Q) < MC(Q) © P = ATC(Q) and MR(Q) = MC(Q)

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If profit is as high as possible and normal economic profits are being earned, which of the following is true? Choose 1 А P > ATC(Q) and MR(Q) = MC(Q) B P > ATC(Q) and MR(Q) > MC(Q) С P = ATC(Q) and MR(Q) > MC(Q) D P< ATC(Q) and MR(Q) < MC(Q) © P = ATC(Q) and MR(Q) = MC(Q)​

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If profit is as high as possible and normal economic profits are being earned, which of the following is true? Choose 1 А P > ATC(Q) and MR(Q) = MC(Q) B P > ATC(Q) and MR(Q) > MC(Q) С P = ATC(Q) and MR(Q) > MC(Q) D P< ATC(Q) and MR(Q) < MC(Q) © P = ATC(Q) and MR(Q) = MC(Q)