If a competitive firm is (i) selling 1,000 units of its product at a price of $9

Question

If a competitive firm is (i) selling 1,000 units of its product at a price of $9 per unit and (ii) earning a positive profit, then Answer its total cost is less than $9,000. its marginal revenue is less than $9. its average revenue is greater than $9. the firm cannot be a competitive firm since competitive firms can only earn zero profit If a competitive firm is (i) selling 1,000 units of its product at a price of $9 per unit and (ii) earning a positive profit, then If a competitive firm is (i) selling 1,000 units of its product at a price of $9 per unit and (ii) earning a positive profit, then its total cost is less than $9,000. its marginal revenue is less than $9. its average revenue is greater than $9. the firm cannot be a competitive firm since competitive firms can only earn zero profit its total cost is less than $9,000. its marginal revenue is less than $9. its average revenue is greater than $9. the firm cannot be a competitive firm since competitive firms can only earn zero profit

Explanation / Answer

its total cost is less than $9,000

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