Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

In a perfect competition, a firm earns super normal profit when the AR of the firm _____ theACT of the firm.

/ » Fundamentals of Economics solved MCQs / By
Question:

In a perfect competition, a firm earns super normal profit when the AR of the firm _____ theACT of the firm.

A.

equals to

B.

exceeds

C.

is lower than

D.

neither exceeds nor is lower than

Answer» b. exceeds

Note: The above multiple-choice question is for all general and Competitive Exams in India.