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Question Practice

If a firm makes zero economic profit in the long run, what does this indicate about its price level?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

If a firm makes zero economic ...

Single Answer MCQ
Q-00089534

If a firm makes zero economic profit in the long run, what does this indicate about its price level?

1

Price equals average total cost

2

Price exceeds average total cost

3

Price is less than variable cost

4

Price exceeds marginal cost

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