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If price is less than average cost, in the short-run, the competitivefirm can earn

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Question:

If price is less than average cost, in the short-run, the competitivefirm can earn

A.

Normal profit

B.

Super normal profit

C.

Loss

D.

All of the above

Answer» c. Loss

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