Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following are true- a) Firms will earn supernormal profit so long as the price is less than the minimum average cost. b) Free entry and exit of the firms imply that the market price will always be equal to the minimum average cost. |
Both a and b are true a is true, b is not b is true, a is not Both a and b are false |
| b is true, a is not |
