When AR is above AC, firm earns:

April 30, 2021 – by admin

Question:

When AR is above AC, firm earns:

A.

Supernormal profit

B.

Loss

C.

Breakeven point

D.

Minimise losses

Answer» a. Supernormal profit

Note:

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