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Question Practice

What is the significance of price being greater than average variable cost (AVC) in the short run?

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 significance of pr...

Single Answer MCQ
Q-00089523

What is the significance of price being greater than average variable cost (AVC) in the short run?

1

It indicates maximum profit

2

It eliminates fixed costs

3

It allows the firm to cover its variable costs

4

It leads to zero profit

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