If price is greater than average cost, in the short-run, thecompetitive firm can earn

by
Question:

If price is greater than average cost, in the short-run, thecompetitive firm can earn

A.

Normal profit

B.

Super normal profit

C.

Loss

D.

All of the above

Answer» b. Super normal profit

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