In the short term, a firm in a very competitive market A Can never earn positive economic

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In the short term, a firm in a very competitive market

A Can never earn positive economic profits

B Sets its price where marginal cost equals average total cost

C Must set its price at the competitive equilibrium price even if it is below their minimum average cost

D Maximizes its profits when it experiences economies of scale

Related Book For answer-question

Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Posted Date: Dec 17, 2018 12:58 AM

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In the short term, a firm in a very competitive market A Can never earn positive economic

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B It sets its price where Mc equals average total costs min pt on AC curve i... View the full answer

Microeconomics Theory and Applications

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