Which is true?
| A. | If AR = AC, the firm earns only normal profit |
| B. | If AR > AC, there is economic profit for the firm |
| C. | If AR < AC, though only a theoretical possibly, the firm makes losses |
| D. | All of the above |
Answer : D Explanation : |
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
