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In order for a firm to earn economic profits, price must exceed average total cost. a. True b. False

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

a. True
b. False

asked
User Edy Ionescu
by
8.1k points

1 Answer

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

This is A. true.
answered
User Luke Schafer
by
8.7k points
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