Business, 19.03.2021 01:30, kashishmehta917

Profit for a perfectly competitive firm can be expressed as A. Profitequals (Upper P times Upper Q )minus (ATC times Upper Q ), where P is price, Q is output, and ATC is average total cost. B. Profitequals Pminus ATC, where P is price and ATC is average total cost. C. Profitequals Pminus MC, where P is price and MC is marginal cost. D. Profitequals (Upper P minus TC )times Upper Q , where P is price, Q is output, and TC is total cost. E. Profitequals P times Q, where P is price and Q is output.

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Profit for a perfectly competitive firm can be expressed as A. Profitequals (Upper P times Upper Q )...