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Question Practice

What is the consequence if a firm's average total cost (ATC) is greater than the market price?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What is the consequence if a f...

Single Answer MCQ
Q-00089529

What is the consequence if a firm's average total cost (ATC) is greater than the market price?

1

The firm earns normal profits

2

The firm incurs losses

3

The firm maximizes profit

4

The firm should expand production

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