In a typical graph for a purely competitive firm, at the point where the total cost and total revenue curves intersect, the firm
A)earns some economic profit.
B)suffers some economic loss.
C)earns some normal profit.
D)suffers some accounting loss.

Question

In a typical graph for a purely competitive firm, at the point where the total cost and total revenue curves intersect, the firm
A)earns some economic profit. 
B)suffers some economic loss. 
C)earns some normal profit. 
D)suffers some accounting loss.

Quizplus · Accepted Answer

The Answer of  In a typical graph for a purely competitive firm, at the point where the total cost and total revenue curves intersect, the firm
A)earns some economic profit. 
B)suffers some economic loss. 
C)earns some normal profit. 
D)suffers some accounting loss.

In a Typical Graph for a Purely Competitive Firm, at the Point