Economics · Market Forms

A perfectly competitive firm earns supernormal profit when:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1AR > MR
2AR > AC✓
3MC > MR
4AC > AR

Correct answer

AR > AC

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A perfectly competitive firm earns supernormal profit when:

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A perfectly competitive firm earns supernormal profit when:

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