Economics · Microeconomics

When a firm's average revenue is equal to its average cost, it earns:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Supernormal profit
2Normal profit✓
3Sub-normal profit
4Economic loss

Correct answer

Normal profit

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When a firm's average revenue is equal to its average cost, it earns:

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When a firm's average revenue is equal to its average cost, it earns:

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