The zero profit point will
occur when
A) MC=P
B) MC= MU
C) AC=P
D MR= MP
Answers
Answered by
20
Explanation:
A) MC=P
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Answered by
0
Answer:
Here is your Answer
Explanation:
The correct answer is: c. MC = AC = P
The profit for a perfectly competitive firm is calculated as:
P
r
o
f
i
t
=
(
P
−
A
T
C
)
Q
For zero profit,
P
=
A
T
C
. But the price is equal to the marginal cost for a perfectly competitive firm. Therefore, the zero-profit point for a perfectly competitive firm is:
P
=
M
C
=
A
T
C
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