Register
In order for a firm to earn economic profits, price must exceed average total cost. a. True b. False
123k views
1 vote
In order for a firm to earn economic profits, price must exceed average total cost.

a. True
b. False

User Edy Ionescu
by
7.2k points

1 Answer

7 votes
In order for a firm to earn economic profits, price must exceed average total cost.

This is A. true.
User Luke Schafer
by
7.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.1m questions

10.8m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!