If this firm was operating in a perfectly competitive market, and the price was equal to 0g, economic profit would be equal to which of the following areas?
The profit rectangle is the quantity multiplied by the vertical distance between price and ATC.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: If this firm was operating in a perfectly competitive market, and the price was equal to 0g, economic profit would be equal to which of the following areas? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 88-4098.