Economics · Microeconomics

A firm's long-run decision to enter or exit a market depends on total revenue (TR), total cost (TC), quantity produced (Q), average total cost (ATC), and the price of the good (P). Which of the following conditions best justifies an entrepreneur's decision to enter a competitive market?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

If P > ATC

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