Q. In the short run, in cannot produce at an economic profit (Solved)
1. When he cannot produce at an economic profit
2. When price falls short of average variable cost at every level of output
3. When price falls short of average fixed cost at every level of output
4. When there is no point where marginal revenue are equal.
5. None of the above
- b. When price falls short of average variable cost at every level of output